We’ve been investing in Private Equity since 1996 and we have committed over $1.6B as an LP to more than 100 separate funds in that time. As a relatively early investor in PE, we’ve supported one of the largest global PE houses in establishing their European office and backed a number of other managers since founding including in Europe and the Australasian market.
We’re focused on maintaining a relatively concentrated group of core relationships with private equity firms that have a similar culture and active value adding approach. At the core of our strategy is an aim to support managers that have demonstrated consistently strong multi-cycle performance. We have very selectively supported emerging relationships with best of breed partners in specific sectors, stages or geographic regions selected on a bottom up basis.
We also look at selective co-investing on an opportunistic basis alongside our established partners and we have a long history of direct investing too, which we continue to do under our Smedvig Ventures brand