Asset Management

LIONTRUST ASSET MANAGEMENT PLC

In 1995, Pacific acquired a 100% interest in River & Mercantile Investment Management (RAMIM). River & Mercantile was founded in 1881 and at the time of acquisition by Pacific managed five investment trusts with a total of £400 million under management. Pacific sold the largely short dated investment management contracts but retained the River & Mercantile name and established a new fund management company which became Liontrust Asset Management PLC, a specialist long only UK equities business. Liontrust was floated on the London Stock Exchange in 1999 and Pacific placed down all of its 75% holding in tranches over the following years. Visit the site here.

Strategy / Business Type
Long only/traditional
Period of Investment
7.5 years
IRR
92.3%
Money Multiple
22.7x

THAMES RIVER CAPITAL

Thames River Capital (TRC) was formed in 1998 by Pacific and senior investment professionals with a common goal: the creation of a performance–focused, absolute return–oriented fund management business. It became one of Europe’s leading multi–strategy asset management businesses. TRC offered both traditional and alternative strategy investment management, through a number of single and multi–manager funds. TRC and its affiliates were in partnership with and employed over 160 people and raised over $15 billion of assets under management. In 2010, Pacific and its affiliated company Red River Capital sold TRC to F&C Asset Management for a total consideration of £88 million.

Strategy / Business Type
Long only/absolute return
Period of Investment
13 years
IRR
71.6%
Money Multiple
28.6x

NEVSKY CAPITAL

The members of Nevsky Capital were the senior investment professionals who formerly constituted the Global Emerging Markets team of Thames River Capital (“TRC”). Nevsky Capital was demerged prior to the sale of TRC and held by Pacific and the other former TRC shareholders. At the date of the TRC transaction Nevsky had approximately US$6 billion in assets under management in both long only and long-short strategies.