Over the last 25 years our investments have generated a consistent return averaging more than 2.5x cost.

We have consistently generated high returns through many different economic cycles, driven by long-term revenue and profit growth by our portfolio companies, rather than cost reduction. Despite the economic downturn, our performance since 2006 has been particularly strong, with most of our investments having been sold at more than twice cost and many generating multiples of over 3x. The portfolio companies in our most recent fully invested fund more than doubled their staff numbers to over 10,000 under our ownership.