Gresham House
Specialist asset management
Baronsmead VCTs insights 2026
In this edition of the Baronsmead
VCTs newsletter, we look at the latest
developments across the portfolio
and share our insights and updates.
Category: Insights
A bigger runway for UK growth investing and what it could mean for VCT investors and AIM
The UK’s Autumn Budget 2025 included a meaningful set of reforms to the Venture Capital Trust (VCT) and Enterprise Investment Scheme (EIS) rules, designed to help high-growth businesses access more “follow-on” capital as they scale beyond the start-up phase.
2026 Public Equity Outlook: Why 2026 could reward UK smaller companies
The Public Equity team reflect on the 2025 market and assess the conditions for UK small and mid caps in 2026.
Video update: Strategic Equity Capital plc (SEC)
Join the Strategic Equity Capital fund management team, Ken Wotton and David Bickerstaffe in discussion with Chris Elliott Managing Director, Wholesale Distribution, where they provide the latest portfolio and investment activity updates.
The strategic role of Natural Capital in institutional portfolios
Over the past decade, natural capital has evolved from a specialist allocation to an essential component of strategic portfolio construction.
Baronsmead VCTs insights – H2 2025
In our latest Baronsmead VCTs newsletter we cover our intention to fundraise, portfolio, performance market insights and news from our portfolio companies.
Half year reflections: building resilience, capturing global opportunities
For the latest in his series of interviews with members of the senior Gresham House team, Tony Dalwood talks to Rupert Robinson
Beyond Beta: why real asset investors must adopt a value-creation mindset in a new rate environment
Investors are rediscovering the real reason to act – profit. From food to water, resource-driven arbitrage is emerging and capital is taking its position, says Gresham House natural capital director Eoin McDonald.
Long-term floor agreements agreed on 789MW of battery projects
We are pleased to have announced that GRID has signed long-term floor-pricing agreements with two counterparties, which will supplement GRID’s existing two-year tolling agreements with Octopus Energy and will significantly increase GRID’s long-term contracted revenues over the next ten years.
Global Timber Outlook 2025
Explore how climate change is reshaping timber markets. Discover rising demand, limited supply, and timber’s role in portfolio diversification. Request your copy of the Gresham House Global Timber Outlook 2025.
Gresham House Sustainable Investment Report
We are pleased to share our fifth annual Sustainable Investment report, covering our range of initiatives and commitments.
In defence of AIM: Revitalising a vital engine of UK economic growth
For the past 18 months UK equities have experienced heightened takeover activity at a time when the IPO market has effectively been closed.
From ESG to ROI: Why food is now a market play, not a moral one
Investors are rediscovering the real reason to act – profit. From food to water, resource-driven arbitrage is emerging and capital is taking its position, says Gresham House natural capital director Eoin McDonald.
Open letter to Ofgem, Government, DESNZ and NESO from the Battery Storage Industry
Baronsmead VCTs insights – H1 2025
In our latest Baronsmead VCTs newsletter we cover fundraising, portfolio, performance market insights and news from our portfolio companies.
Update and outlook Rupert Robinson joins Tony Dalwood
For the latest in his series of interviews with members of the senior Gresham House team, Tony Dalwood talks to Rupert Robinson
IPE Real Assets Natural Capital Report
The latest instalment of the IPE Real Assets magazine focuses on land-based natural capital, in the form of forestry, agriculture and other related and adjacent investments.
WS Gresham House UK Multi Cap Income Fund – 2025 outlook
WS Gresham House UK Multi Cap Income Fund 2025 outlook
How are UK-listed companies using buybacks as a capital allocation tool?
For the past 18 months UK equities have experienced heightened takeover activity at a time when the IPO market has effectively been closed.
Tony Dalwood interviews… Peter Bachmann, Sustainable Infrastructure
The latest in Tony’s series of interviews
Gresham House Real Assets – Place-Based Impact Investing Report
This report provides an analysis of Gresham House’s real asset funds using the Place-Based Impact Investing (PBII) Reporting Framework.
Tony Dalwood and Olly Hughes discuss developments in forestry and natural capital
The latest in Tony’s series of interviews
Unlocking value through carve-outs
Takeover activity has been a persistent theme over the last 18 months, a trend that is expected to continue as long as UK equities continue to trade at a stark discount to international markets, private companies, and history.
Protecting and restoring natural habitats
In 2021, the UK Government passed the Environment Act, a critical piece of legislation that aims to protect and enhance the environment. By putting a monetary value on nature, the regulations play an important role in protecting ecosystems and accelerating the growth of the biodiversity market.
Portfolio company Wildanet receives £35mn investment to boost broadband in rural Cornwall
The UK Infrastructure Bank has committed a £35 million investment into Cornwall-based internet provider Wildanet.
Asset managers should lead the way in natural capital investments
Recent research by Gresham House and mallowstreet shows that UK pension funds, LGPS and insurance firms are increasingly looking to invest in natural capital
Gresham House raises £50mn from South Yorkshire Pensions Authority for forestry strategy
Gresham House has raised £50mn from South Yorkshire Pensions Authority for Gresham House Forest Fund VI LP
Tolling agreement with Octopus Energy
We are pleased to announce a tolling agreement with Octopus Energy. Delivering significant contractual income for GRID and benefitting UK electricity bill payers
Gresham House Residential Secure Income LP raises a further £125mn from LGPS
Gresham House Residential Secure Income LP, has raised a further £125mn from two UK local authority pension schemes, to invest in affordable shared ownership homes in the UK.
Strong institutional demand for natural capital investments, new research reveals
A new report highlights the growing appetite for natural capital investments in institutional portfolios, with half of UK asset owners saying they already invest in natural capital or will do so within the next 18 months.
The IPO window is not yet fully open… but it is ajar
For the past 18 months UK equities have experienced heightened takeover activity at a time when the IPO market has effectively been closed.
Gresham House Sustainable Investment Report 2024
We are pleased to share our fourth annual Sustainable Investment report, covering our range of initiatives and commitments.
Baronsmead VCTs raise £50mn in oversubscribed fundraise
The Baronsmead VCTs have raised a further £50mn, bringing their total net asset value to c.£450mn.
Forestry and natural capital
Why we think sustainable productive forestry should form the basis of a natural capital portfolio.
Why apathy in the UK market is great
Brendan Gulston, Co-fund manager at Gresham House discusses why apathy in the UK market is great.
Investing in nature
New research on nature funds highlights the need for increased funding into effective nature-based solutions (NbS) to tackle climate change.
Natural capital: increasingly considered a key component of modern investment strategies
Investors are turning their attention to natural capital as the depletion and damage to global natural resources are fast translating to financial risks.
Gresham House secures future of Essex shared ownership housing development with Chartway deal
Gresham House agrees deal with Chartway Partnerships Group for the completion and delivery of remaining shared ownership homes.
UK equities – 2024 outlook
We believe there are a number of reasons to be more optimistic about the UK equity markets particularly smaller companies.
AI content series
Our AI content series will involve several conversations with CEOs across our portfolio companies, discussing how they are embracing AI technology.
Searchlight’s acquisition of Gresham House plc
We are delighted to announce that the acquisition of Gresham House by Searchlight Capital Partners is complete.
ReSI LP agrees first sustainability-linked loan to support shared ownership delivery
Gresham House Residential Secure Income LP (ReSI LP), has agreed a £30mn sustainability-linked credit facility with MUFG to support the delivery of shared ownership housing in the UK.
Tony Dalwood interviews… Olly Hughes, Forestry
The latest in Tony’s series of interviews
History of small-cap strength through recoveries
The experiences of UK equity investors over the last quarter-century were shaped by major episodes of market stress. Today, we see near-term catalysts for a small-cap revival
Gresham House raises £450mn to support sustainable infrastructure solutions
Close of second BSIF flagship fund gives LGPS investors access to innovative real asset-based solutions to the UK’s biggest environmental and social challenges.
Six key ingredients to UK stock success
With the LF Gresham House UK Multi Cap Income Fund passing through its six -year anniversary, co-managers Ken Wotton and Brendan Gulston share their six key investment ingredients.
Tony Dalwood interviews… Mike Adams, Real Estate
The latest in Tony’s series of interviews
Tony Dalwood and Rebecca Craddock-Taylor discuss Natural Capital
Tackling the hottest topic in alternative investment management
Collocation: a smart solution for the UK energy transition
Peter Bolton explains the market for collocation of battery storage and renewables
Natural capital & biodiversity – where are UK asset owners on their journey?
Commissioned report on biodiversity and natural capital with Pensions for Purpose
Tony Dalwood interviews… Peter Bachmann, Sustainable Infrastructure
The latest in Tony’s series of interviews
Investing in public markets with a private equity mindset
Ken Wotton speaks to Neil Shah at Edison about his private equity mindset to investing in public markets.
Forestry CIO newsletter
Our new CIO newsletter, covers all you need to know about the current environment in global forestry investment.
Ireland as a forestry destination
An introduction to the profile of Ireland as a destination for forestry investment
Equity market volatility 2023
Ken Wotton discusses the volatility in the equity market.
Tony Dalwood interviews… Olly Hughes
In the latest in our CEO interview series, Tony catches up with Managing Director, Olly Hughes.
Are we set for a bumper year of corporate activity?
Ken Wotton and Brendan Gulston look in depth at the year ahead
Tony Dalwood interviews… Rupert Robinson
In the latest in our CEO interview series, Tony catches up with Managing Director, Rupert Robinson.
Investing in forestry: resilience and future growth prospects
A short research paper investigating past performance in US and UK forestry, and the prospects for growth
Tony Dalwood interviews… Ken Wotton, Managing Director, Public Equity
Chief Executive Tony Dalwood speaks with Ken Wotton about Public Equity
Putting sustainable forest management into practice
A short case study on why we created our Forest Charter
Tony Dalwood interviews… Trevor Hope, CIO, VCTs
Chief Executive Tony Dalwood speaks with Trevor Hope about VCTs.
Selectivity is key for shrewd housing investors
Private markets have an important role to play in the UK housing sector, Brandon Holloway explains.
Tony Dalwood interviews… Peter Bolton, Renewable Energy
Chief Executive Tony Dalwood speaks with Peter Bolton about battery energy storage collocation
Forestry resilience in turbulent markets
Francis Ireland discusses why investors are turning to Forestry in difficult times
Five rules for resilience amid choppy markets
Ken Wotton and Brendan Gulston outline key ways to navigate volatile markets
Tony Dalwood interviews… Heather Fleming, Institutional Business
Chief Executive Tony Dalwood speaks with Heather Fleming
Don’t fall into the well: four income stocks outside oil
Ken Wotton looks at four income stocks to consistently deliver robust dividends
Tony Dalwood interviews… Ben Guest, Energy Transition
Chief Executive Tony Dalwood speaks with Ben Guest, Managing Director of our Energy Transition business
Sustainable Investment Report 2022
Gresham House publishes its second Sustainable Investment Report
Our response to the crisis in Ukraine
A statement from Gresham House regarding the Russian invasion of Ukraine
Tony Dalwood interviews… Forestry
Chief Executive, Tony Dalwood interviews Olly Hughes, Managing Director of our Forestry business
Finding safety in trees
Francis Ireland writes on why forestry could be a safe haven for investors in times of increasing inflation
Tony Dalwood interviews… Housing
In the first of a series of interviews with divisional heads, Chief Executive, Tony Dalwood speaks with our Head of Housing, Ben Fry
What impact could COP26 have on forestry investments?
There were many pledges made at the recent COP26 summit in Glasgow, some of which could have an impact on forestry investments.
Implications of COP26 for Alternative Asset Managers
Sustainable Investment Manager, Jonathan Walker discusses the implications of COP26 for alternative asset managers.
Gresham House Capital Markets Day
We hosted our inaugural Capital Markets Day on Thursday 4 November, providing an update on GH25 progress and insights into the business
Do US lumber futures show the way?
Analyst Francis Ireland looks into how US lumber futures could show the path for forestry investments
COP26 – Q&A with Rebecca Craddock-Taylor and Peter Bachmann
Rebecca Craddock-Taylor and Peter Bachmann discuss their ideal outcomes for COP26
Gresham House’s BSIF I secures £15m loan for Sheffield build-to-rent project
How to grow the UK’s timber industry
Timber price increases this year underline the arguments for planting more productive conifers, says Anthony Crosbie Dawson
Hidden gems abound amid British bounce back
Ken Wotton discusses finding hidden gems in the current UK economy
Maintaining conviction in smaller companies – the fundamentals
Ken Wotton outlines his proprietary processes and techniques for maintaining conviction in small caps
Gresham House & Numis educational series: Module 5
An educational series examining the smaller end of the UK equity market as represented by the Numis Smaller Companies Index.
Why higher carbon prices should drive returns from forestry
Forestry as an asset class is well-placed to benefit with carbon prices on the verge of a dramatic increase
Net zero – the great decarbonisation opportunity
Peter Bachmann presents the key note at the IPE Real Assets & Infrastructure Global Investor Conference
Q&A with Sustainable Investment Director
Rebecca Craddock-Taylor looks back at the sustainable investing landscape in 2020
International Women’s Day 2021
This International Women’s Day we celebrate the brilliant women who have helped build Gresham House to the success story it is today
Are UK timber prices set to rise in 2021?
Anthony Crosbie Dawson looks into why increasing US imports of timber will benefit the UK’s timber producers
Into the woods: forestry shows its resilience – Olly Hughes
Managing Director, Forestry, Olly Hughes explains how UK forestry has provided investors with a source of shelter amid the COVID-19 storm.
Report: Global Timber Outlook
In this detailed report, Gresham House looks at the drivers behind global timber consumption, which we believe will result in increasing timber prices and therefore also forestry asset values.
Six rules for income investing during this crisis
Despite sweeping dividend cuts across the UK equity space in the last couple of months, investors should not make any rash changes to their portfolios
Finding opportunities in a rapidly changing world
The impact of COVID-19 has been dramatic for everyone, in both their personal and business lives. The sell-off in equity markets has been severe, triggering the most rapid bear market in history.
Maybe there is a magic money tree after all
In the current low-yield environment, investors are increasingly looking to alternative asset classes in order to try to enhance returns. Olly Hughes discusses the Forestry imperative
Forestry Teach-In
Speakers from Gresham House, Preqin and PRI discuss the commercial Forestry opportunity
Taking advantage of uncertain markets
Bevan Duncan and Ken Wotton look into the UK’s vibrant and growing early stage investment ecosystem and the available opportunities to back ambitious management teams in high-growth businesses.
The Big Picture conference – Bringing re-wilding to life
The Big Picture Conference explored the potential for re-wilding large parts of Scotland, with inspirational stories and experiences from around the world presented by practitioners, policymakers and storytellers.
Finding small companies with the potential to be long-term winners
Brendan Gulston, co-manager of LF Gresham House UK Micro Cap, explains how the LF Gresham House UK Micro Cap Fund builds on the company’s private equity heritage and network to find small companies with the potential to be long-term winners.
Gresham House receives top award at Royal Highland Show
Gresham House picked up the top award for the Best New Commercial Woodland at the 2019 Scotland’s Finest Woods Awards
Sowing seeds for timber skyscrapers
Research from the University of Cambridge demonstrate advances in the development of sustainable housing and infrastructure, supporting the investment case for this asset class.
Confidence and conviction in UK smaller companies
Ken Wotton provides a half year update on the outlook for our UK Micro Cap and UK Multi Cap Income funds
Gresham House buys two areas of woodland from Hargreaves Land
From Hargreaves Land, the land is situated at Glentaggart near Glespin in South Lanarkshire, joins Gresham House’s extensive tax-efficient commercial portfolio, providing around 10% of the UK’s annual softwood harvest.
Ken Wotton explains the lessons he has learned from a decade of micro-cap investing
The primary home of micro-cap companies, AIM, has considerably evolved and expanded since its launch almost a quarter of a century ago.
The future is wood
A recent article from New Scientist, “Our wooden future: making cars, skyscrapers and even lasers from wood”, talks about wood being processed into a super-material with extraordinary properties.
Ken Wotton speaks to FundCalibre on investing in Britain’s most interesting entrepreneurs
Ken talks to FundCalibre about investing in some of Britain’s most interesting entrepreneurs and participating in their companies’ growth as their businesses mature and develop.
Gresham House plc AGM statement
Non-Executive Chairman, Anthony Townsend releases statement prior to Gresham House plc AGM, regarding progress with management plans in the first half of 2019 and our successful organic growth.
Gresham House Strategic plc announces Pressure Technologies investment
We are pleased to announce a strategic investment into AIM-listed engineering business Pressure Technologies. Pressure Technologies is a company we have been monitoring and engaging with for over a year as the business goes through significant strategic and management changes, and the team is delighted to be able to translate this interest into a material investment.
UK breaks record for longest continuous period running without coal
The UK went coal free for more than 90 hours over the Easter weekend, breaking the previous record set In April 2018
Partnership with Rise Homes announced
BSIF has partnered with Rise Homes to invest in Private Rented Sector (PRS) housing
Ken Wotton talks to Investment Week about five under the radar UK stocks for income
The IA UK Equity Income sector’s reputation as a challenging space for investors seeking diversification has led to disproportionate investing in a relatively small number of stocks.
Gresham House appoints Olly Hughes as Managing Director of Forestry
Ken Wotton gives his six golden rules for investing in small-cap stocks
Ken Wotton talks to FE Trustnet about his process when finding fast-growing, innovative and disruptive companies in the small-cap space.
UK Equity Income funds that delivered in 2018
Portfolio Adviser features the LF Gresham House UK Multi Cap Income fund as one of only three products in the UK Equity Income sector to deliver positive returns in the period to 6 December 2018.
Ken Wotton talks to Your Money about the best investment opportunities in the UK for 2019
Although political uncertainty drives further volatility in UK markets, this may create selective opportunities for investors.
