Jane Gilbert Boot

Intelliflo has been acquired by Carlyle group, a PE firm that also owns UK wealth management firm, Argentis Group. Congratulations to Nick Eatock and the team. Excited to see what this new round of investment will bring. intelliflo is pretty dominant in the UK wealth market. My colleague Chanelle Paynter (Née. Pattinson) is working on our next Adviser Reviews report. An early peak at results suggests: 💥 Inteliflo continues to dominate the back office market in the UK with over 40% market share. 👎 Reviews for the back office system are down year on year on most metrics. Most interesting for me: reviews for 'integration with other tech' are down despite efforts to integrate with SS&C's Hubwise platform (Wealthlink). 📊 Efforts to break into cash flow modelling have been difficult. Market share remains down around 10%. With a strong market share, little competition from back office providers and ambitious plans around AI (integrated meeting notes/ suitability reports) and better data analytics, Intelliflo has an opportunity to make a really positive impact on UK advice firms.

122

16 Comments

Very glad to report that Kline Hill Partners just expanded into the UK. James Bradshaw will be leading the office as it opens to provide better support to limited partners and private equity funds looking for liquidity. Private Equity International ran the exclusive this morning. https://lnkd.in/eiPNR4sq The new office adds on to our existing office in Zurich to jointly along with our Greenwich, CT HQ continue the mission of providing secondaries liquidity for underserved parts of the #privateequity industry: 🔵 LP deals below $100m (and a high volume below $20m) in buyout, venture growth, etc. 🔵 GP-led buyout continuation vehicles below $250m 🔵 Tech and VC secondaries

251

17 Comments

“An IPO could value Shawbrook at as much as 2 billion pounds ($2.69 billion” “The bank's private equity owners had previously explored a number of deals with rival lenders over the past two years, including Metro Bank and Co-op Bank” Good news for London, but the truth is that many UK companies are still choosing to list on foreign exchanges to achieve higher valuations. https://lnkd.in/epZFrS_H #Shawbrook #exitstrategy #IPO #exitlaunchpad

87

11 Comments

I'm delighted to share this whitepaper which I recently wrote to examine the growing trend of direct investing by family offices, particularly through partnerships with independent sponsors. As family offices seek to bypass the fee drag and limited control of traditional private equity funds, direct investing is increasingly being seen as a compelling alternative. In this paper, I explore the mechanics of independent sponsor transactions, the pros and cons for family offices, some global trends, and key legal and governance considerations. Hopefully, by better understanding these dynamics, family offices will be able to make informed decisions to adjust their investment strategies and achieve their goals. Please share this post with anyone in your network who might benefit. Cheers! https://lnkd.in/g4z4nq48

91

6 Comments

With 2025 off to a turbulent start, Henry McVey and his team at KKR have released their Mid-Year Outlook, a valuable and essential read for anyone looking to prepare for the months ahead.   Once again, Henry and team deliver data-backed perspectives that aim to help investors “make their own luck” in this current environment – even as overall returns will likely be compressed. KKR has long discussed its Regime Change framework, which underscores a fundamental shift in how and where investors should be allocating assets.   Some insights that stood out for me:   𝐄𝐮𝐫𝐨𝐩𝐞’𝐬 𝐫𝐞𝐧𝐚𝐢𝐬𝐬𝐚𝐧𝐜𝐞 𝐢𝐬 𝐫𝐞𝐚𝐥. Germany’s new fiscal stimulus is set to boost demand and investment activity across the region, supporting a more optimistic outlook for European markets.   𝐏𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥 𝐚𝐜𝐫𝐨𝐬𝐬 𝐚𝐥𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐯𝐞 𝐚𝐬𝐬𝐞𝐭 𝐜𝐥𝐚𝐬𝐬𝐞𝐬. Private equity offers investors the ability to lean into operational improvements and accretive M&A activity, while infrastructure is increasingly attractive as private capital steps in to fill the gap left by government retrenchment.   𝐆𝐞𝐨𝐩𝐨𝐥𝐢𝐭𝐢𝐜𝐬 𝐚𝐧𝐝 𝐩𝐨𝐥𝐢𝐜𝐲 𝐚𝐫𝐞 𝐝𝐫𝐢𝐯𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭𝐬. Policy decisions are now a key source of volatility, making it even more important for investors to stay alert and adaptable.   Read the full report here: https://go.kkr.com/3Uh24VQ

95

1 Comment

It's not difficult to fix the UK... The chart below show the ONS's latest data on the total UK net worth, at the end of June, over £13 trillion. Private and Public. After liabilities. Bloody strong! In comparison annual GDP is £2.8 trillion. Public sector debt, as we know a similar amount. Most of this net worth is in the private sector, which is very robust and under-levered. All the Government and UK Institutions (regulators, managers, unions, courts, inquiries etc..) need to do is get a bit out of the way and let the private sector do its thing, and exploit it's entrepreneurialism, very strong balance sheet and cash reserves to deliver. And getting out the way means Government spending as a % of GDP to fall, tax reforms to be focused on incentivising the private sector to grow and the public sector to be more productive, and any UK institution (public and private) that regulates, or taxes, or legislates, or supervises to be incentivised to reduce the friction of what they do by 25% (i.e. surgeons in the NHS to have 25% less paperwork). Vamos! It's not rocket science.

168

42 Comments

In my recent piece for The Telegraph, I explored the shifting narrative for UK Plc from vulnerability to opportunism. For months, the rhetoric has been that UK equities are undervalued, trading at persistent discounts to net asset value, vulnerable to overseas takeovers or looking for greener pastures overseas. These concerns haven't vanished overnight, but it feels like the script is changing. You only have to look at recent transactions in the market to see this. In a short run, we've had the Assura plc–Primary Health Properties PLC (PHP) and Unite Students-Empiric Student Property plc agreed mergers. Not to mention Coats' acquisition of US-based insole maker Ortholite, and Hammerson's purchase of the remaining stake in the Bullring shopping centre in Birmingham. These are all shining examples of strategic M&A deals, backed by long-term, supportive shareholders - and crucially, they keep capital in the UK. Add in £60bn of buybacks and a surge of US investment into UK equities, and it feels like the momentum is slowly building. So, it begs the question: where are our pension funds? Their huge underweighting to UK equities remains a structural flaw, and while the Mansion House Accord is a step forward, we can't underestimate the role of domestic institutional capital in maintaining - and building - this momentum. And we should also rethink ISAs. Currently, we're using taxpayers’ money to subsidise the interest earned on cash saved in ISAs, and yet they consistently deliver poorer returns relative to the market. For cash ISA’s why not redirect the same tax break to ease the burden of mortgage interest payments? It would support the housing market and benefit both the current and future generations. While the issues in the UK market are by no means resolved, after a long period of drift, it feels like our listed companies are starting to get their mojo back. The tide hasn't fully turned, but the current is shifting. Read the full article here: https://lnkd.in/drhsPFug #London #UKEquities #CapitalMarkets #Investment

193

11 Comments