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Ex-Permira boss builds 5% stake in funds boutique

Former Permira boss Sir Damon Buffini has built a 5% stake in Gresham House. According to regulatory filing, Buffini built the position through two separate transactions in the last few days through his investment vehicle Saffie Investments. Gresham House, a former 157-year-old investment trust, was reincarnated as an asset management business in June 2014. This rebirth was overseen by SVG Investment Managers founder Tony Dalwood (pictured) and Michael Phillips, founded iimia Investment Group – a precursor to Miton Group. Gresham runs around £400 million in assets.

Full-year numbers from the firm released at the end September showed a jumping revenue from £482,000 in 2015 to £1.7 million. Most recently Gresham has taken on the management of LMS Capital and unveiled a Strategic Public Equity fund. It has also launched a Forestry fund following the acquisition of leading forestry asset manager Aitchesse. In an announcement on the London Stock Exchange this morning it said it has raised £15 million for the fund at first close, which is targeting £50 million by the second half of 2017.

Citywire | 31.10.16

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