Gresham House AUM soars 65% as alternative strategies attract £1.2bn in net inflows

Organic and acquisitive growth in 2021

Gresham House has reported a 65% rise in assets under management in 2021, buoyed by both organic growth and acquisitions, with net inflows of £1.2bn across all of its strategies.

The specialist alternative asset manager saw AUM increase to £6.5bn in the year ended 31 December 2021, which it said led to "material growth" in revenue, operating margin and profit. Adjusted operating profit soared 67% to £20.2bn over the year, while net core income grew 51% to reach £61.6m, up from £40.8m in 2020. Of the 65% growth in AUM, the group attributed £1.9bn to organic growth, while targeted acquisitions in 2021 boosted AUM by £625m, including the acquisition of the VCT business of Mobeus Equity Partners LLP in October last year. The four Mobeus VCTs brought a combined AUM...