Macaulay Capital seeks to provide investment opportunities to high net worth individuals and sophisticated investors via our Co-Investment Programme.
Members of the programme are offered two ways of co-investing:
Opportunities to invest private capital into individual companies alongside Macaulay
The opportunity to invest in a diversified portfolio of private capital deals carefully selected by Macaulay.
On occasion these opportunities may qualify for favourable tax treatment (EIS or Business Relief) or may be eligible within tax wrappers such as a SIPP or an IFISA
Private capital – why invest in this asset class?
Private Capital (PC), as an asset class, is a proven tool in portfolio diversification and has produced impressive and consistent returns for over 20 years.
Private Capital in a balanced portfolio, alongside traditional asset classes such
as equities, bonds and property, can introduce diversification.
The team now at Macaulay Capital has a previous track record of achieving average attractive multiples on invested capital in excess of 2x. The BVCA cites an appealing 1.8x total return on invested capital as the industry standard for the UK private equity deals from 1986 – 2020.*
* data taken from The British Venture Capital and Private Equity Association (BVCA) report titled “Performance and Public Market Equivalent Report 2020”, November 2021.
Our main focus is to invest in well established, robust and profitable UK businesses valued at between £2m and £10m, an area of the market under-represented by established funding providers. We believe significant opportunities can be found in these companies which have the potential to produce significant cash generation and capital repayment and a robust and steadily growing dividend stream.
We target companies that can be found in the ‘stem’ of the glass.
Macaulay Capital provides an attractive offering for our portfolio companies. We invest our own capital in deals and take a seat on the board. With significant board experience under our belt we try to add value as an investor and align interests with both investors and management teams. Our strategy varies from traditional private equity houses in that we do not fund acquisitions through excessive debt and our portfolio will not be primed for short term exit strategies.