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Gresham House plc

PRI reporting framework 2020

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基本情報

OO 01. Signatory category and services

01.1. 組織が提供している サービスおよびファンドを選択してください。

組織が提供しているサービスおよびファンドを選択してください。
運用資産(AUM)に占める割合(%)
ファンドの運用
ファンドオブファンズ、マネージャーオブマネージャーズ、サブアドバイザー商品
その他(具体的に記入してください)
合計100%

投資マネージャーが(上記のオプションに加えて)選択できます。

01.2. 追加情報 [任意]

Gresham House Overview and Background:

Gresham House plc (GHE.LN) is a London Stock Exchange-quoted specialist asset manager providing funds, direct investments and tailored investment solutions, including co-investment, across a range of differentiated alternative investment strategies. We focus on five areas of alternative investments - Forestry, New Energy, Housing and Infrastructure, Public and Private Equity - across two divisions, Real Assets and Strategic Equity.

As of 31 December 2019, the firm manages £2.8bn in assets under management on behalf of institutions, family offices, high-net-worth individuals, charities, endowments and private individuals with the objective of helping them achieve their financial goals. The Group’s aim is to build a leading specialist alternative asset management firm that delivers long-term value to shareholders and clients through superior and attractive returns underpinned by long-term alignment.

Gresham House is committed to operating responsibly and sustainably and believes taking the long view in delivering sustainable investment solutions will continue to be a growing factor in the strength of our market positioning. Investments and co-investments are managed through our FCA-regulated investment management platform, Gresham House Asset Management Limited.

Timeline of Key Events:

Below is a timeline of key events that have taken place in the history of the Group since December 2014 following the management buyout: 

- December 2014: Gresham House adopts a new investing policy, ceasing to be a property Investment Trust and lists on the Alternative Investment Market (AIM) of the London Stock Exchange. Gresham House plc; 

- August 2015: Established the Strategic Equity division by winning the mandate to manage Spark Ventures plc, which was subsequently rebranded as Gresham House Strategic plc (AUM: £39m); 

- November 2015: Gresham House Asset Management Limited (wholly owned subsidiary of Gresham House plc) is authorised by the FCA; 

- November 2015: Established the Real Assets division through the acquisition of Aitchesse Limited, one of the two leading asset managers of UK Commercial Forestry (AUM: £193m); 

- June 2017: First Close of the British Strategic Investment Fund (BSIF) LP focusing on housing and infrastructure assets securing commitments of £150m; 

- October 2017: Acquisition of Hazel Capital, a leading UK asset manager of new energy infrastructure. Formation of new division: Gresham House New Energy (AUM: £100m); 

- December 2017: Gresham House plc total AUM reaches £649m and turns profitable;  

- December 2017: Interim close of BSIF LP taking the total commitments to £165m; 

- May 2018: Completed acquisition of FIM Services Ltd, the UK’s largest commercial forestry manager, making Gresham House a market leader in this asset class and doubling AUM to over £1.5bn; 

- November 2018: Launch of Gresham House Energy Storage Fund (ESF) plc, following a successful IPO raising £100m; 

- November 2018: Agreed acquisition of the fund and investment management businesses of Livingbridge VC LLP, part of the broader Livingbridge LLP private equity group. Total Gresham House AUM reaches £2.1 billion; 

- January 2019: Successful £25m top-up fundraising for Baronsmead VCTs 

- February 2019: 2018 Gresham House plc results released and announcement of maiden dividend; 

- March 2019: Announcement of Joint Venture between Aberdeen Standard Investment (ASI) and the Gresham House Strategic Public Equity strategy; 

- May 2019: Appointment by AXA Investment Managers to execute and manage the largest Irish Forestry deal in the market to date; 

- May & July 2019: Two further placements of new equity in ESF plc totalling £64m; 

- September 2019: Reorganisation of the British Strategic Investment Fund LP into two sub-funds, namely Gresham House BSI Housing LP (“Sub Fund H”), and Gresham House BSI Infrastructure LP (“Sub-Fund I”) which together comprise the BSIF Strategy; 

- September 2019: Interim Close for BSIF Strategy total commitments increased to £200m; 

- September 2019: BSIF Team appointed by an LGPS LP to manage a £20m local co-investment portfolio; 

- October 2019: Additional placement of £42m into ESF plc taking the Energy Storage Fund total AUM to c.£200m 

- November 2019: Additional closings of Timberland LP of £35.4m and Gresham House Wind Energy Fund of £19.4m 

- March 2020: Acquisition of TradeRisks Limited, a social housing fund management and corporate finance and advisory business 


OO 02. Headquarters and operational countries

02.1. 組織の拠点がある場所を選択してください。

United Kingdom

02.2. オフィスが所在している国数を記載してください(本部を含む)。

02.3. 組織が正規雇用しているスタッフのおおよその人数を記載してください。

123 正規職員

02.4. 補足情報 [任意]

Gresham House is proud to have highly experienced and talented professionals in the organisation with successful proven track records. Our professionals have an exceptional breadth of industry knowledge, extensive networks and are driven to deliver superior performance returns to our investors alongside respected client service. In line with our creative and entrepreneurial culture, they are self-motivated, empowered individuals with a ‘can-do attitude’ willing to contribute to the success of the firm. 

We believe that responsible investment must be integrated into everything that Gresham House does, and therefore we strive to ensure that each member of our organisation has ESG procedures embedded in their tasks which cumulatively drive towards our sustainability ambitions and these form part of all employee end of year appraisal process

Please find Staff Joiners and Leavers Information below:

Staff Turnover 2019:

  • Joiners: 59
  • Leavers: 15
  • Total Staff: 123

Staff Turnover: 2018

  • Joiners: 49
  • Leavers: 2
  • Total Staff: 81

Staff Turnover: 2017

  • Joiners: 12
  • Leavers: 0
  • Total Staff: 30

Staff Turnover: 2016

  • Joiners: 6
  • Leavers: 0
  • Total Staff: 18

Staff Turnover 2015:

  • Joiners: 10
  • Leavers: 0
  • Total Staff: 18

Staff Turnover: 2014

  • Joiners: 10
  • Leavers: 0
  • Total Staff: 18

 


OO 03. Subsidiaries that are separate PRI signatories

03.1. 組織内に単独でPRI署名機関となっている子会社があるかどうかを記載してください。

03.3. 補足情報 [任意]

Gresham House has no underling subsidiaries. We are aware that the PRI requires that the highest level of a signatory organisation signs up on behalf of the entire organisation, including its subsidiaries. Should the firm's position change in this regard, we will report AUM on a consolidated basis as noted in the guidance. 


OO 04. Reporting year and AUM

04.1. 報告年度の最終日を記載してください。

31/12/2019

04.2. 報告年度末のAUM合計を記載してください。

子会社のAUM(顧問業務/執行のみの資産を除きます)を含みますが、(OO 03.2で「いいえ」と回答した)報告しないことを選択したPRIの署名機関である子会社のAUMを除きます。
Total AUM
10億 100万
Currency
Assets in USD
10億 100万

04.4. 執行および顧問業務サービスを利用して運用する資産の報告年度末時点のAUM合計を記載してください。

04.5. 補足情報 [任意]

A further breakout of AUM at a Fund level is available upon request. 


OO 06. How would you like to disclose your asset class mix

06.1. どのように資産クラス構成を開示したいかについて記載してください。

組織内で運用
組織外で運用

 

上場株式 10-50% 12 0 0
債券 0 0 0 0
プライベートエクイティ 10-50% 13 0 0
不動産 <10% 3 0 0
インフラ <10% 5 0 0
コモディティ 0 0 0 0
ヘッジファンド 0 0 0 0
ファンドオブヘッジファンズ 0 0 0 0
森林 10-50% 48 0 0
農地 0 0 0 0
包括的な金融 0 0 0 0
現金 0 0 0 0
短期金融市場商品 0 0 0 0
その他(1)(以下に具体的に記入してください) 10-50% 19 0 0
その他(2)(以下に具体的に記入してください) 0 0 0 0

‘その他(1)’を具体的に記入してください

          Gresham House's New Energy Division is comprised of energy battery storage and traditional renewables (Wind & Solar) assets = £535,291,771 (19%).
        

06.2. 添付の画像に従って組織の資産クラス構成を公表する

06.3. 組織にオフバランスシート資産はありますか?

06.5. 組織がフィデューシャリー・マネージャーを使うかどうかを記載してください。

06.6. AUM資産クラス分割について説明する情報を記載してください。 [任意]

Gresham House's New Energy Division as outlined above is comprised of energy battery storage assets and traditional renewables (Wind & Solar).

The division includes the following funds and AUM (as at 31 December 2019):

Fund Name (£AUM)

- Energy Battery Storage Plc (£183,548,445 - 
- FIM Solar Distibution LLP  (£61,108,778)
- GH Wind Energy 1 plc (£72,919,894)
- Managed Accounts:(£157,502,654)
- GH Renewable Energy VCT 1 (£29,922,000)
- GH Renewable Energy VCT 2  (£30,290,000)
- Total New Energy  (£535,291,771)


OO 07. Fixed income AUM breakdown (Not Applicable)


OO 08. Segregated mandates or pooled funds (Not Applicable)


OO 09. Breakdown of AUM by market

09.1. 組織のAUMの内訳を市場別に示してください。

100 先進国市場
0 新興国市場
0 フロンティア
0 その他の市場
合計100% 100%

09.2. 補足情報 [任意]

Gresham House focus is currently solely on opportunities within the United Kingdom. Therefore, based on the MSCI classification our focus is 100% in developed markets. However, there are ambitions to expand the Forestry proposition on an International basis in 2020 and we would expect this breakdown to have evolved by the time of our next UN PRI Reporting submission in 2021.


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