Real Assets Real Assets
Our Real Assets strategy invests in tangible assets, seeking to provide clients with sustainable yield and long term capital growth.
Our Real Assets strategy invests in tangible assets, seeking to provide clients with sustainable yield and long term capital growth.
Our established asset classes of Forestry, New Energy and Housing & Infrastructure provide protection from inflation through proven, sustainable investments.
Forestry
Investments in forestry comprise the ownership of freehold land on which crops of commercial timber are grown.
New Energy & Sustainable Infrastructure
Investments that support the fundamental global shift from finite resources to clean energy.
Housing
Investments that source opportunities in the strategically important housing market.
Investment team

Gresham House Asset Management Limited
Rupert Robinson has been the Managing Director of Gresham House Asset Management Ltd since September 2015. Before joining Gresham House, Rupert was CEO and CIO of Schroders (UK) Private Bank for 11 years and prior to that spent 17 years at Rothschild where he was latterly Head of Private Clients at Rothschild Asset Management. Rupert has a proven track record of delivering significant value to shareholders. He has over 31 years of experience in asset management, private banking and wealth management, focusing on product innovation, investment management, business development, banking and wealth structuring. He is a member of the Group Management and Investment Committees.

Forestry
Olly Hughes has been Managing Director and Investment Committee member of the Forestry division of Gresham House since January 2019. He is responsible for managing the growth and development of Gresham House’s forestry activities including acquisitions, fund and private client management and forestry asset management. Prior to joining Gresham House, he was a Partner and Head of Infrastructure at Oxford Capital for six years where he built and managed a portfolio of over £300m of solar and wind renewable energy assets. He started his career at ING Barings in 1995 focusing on asset backed structuring and since then has focused his career on real asset investment management. Olly has over 20 years of investment experience and holds a Bachelor of Arts and a Master’s degree from the University of Oxford in Biological Science. He also obtained the Investment Management Certificate from the CFA Society in the UK.

New Energy
Ben has been Managing Director and Head of the Gresham House New Energy division since November 2017. He is also the Fund Manager of Gresham House Energy Storage Fund plc and Fund Manager for the British Strategic Investment Fund (BSIF) strategy. Ben started his fund management career at Lazard Asset Management in 1994 and worked there for nine years, He founded Hazel Capital (now Gresham House New Energy) in April 2007, serving as Managing Partner and Chief Investment Officer.
He is responsible for the origination and execution of investment opportunities alongside on-going portfolio management. Prior to founding Hazel Capital, he was a co-founder of Cantillon Capital, where he managed a $1bn equity hedge fund focused on global technology, media and telecom. Ben currently serves as a director of over 40 companies and until recently was the non-executive chairman of Oxis Energy, a UK-advanced battery power company. He has 26 years of investment experience and holds a BEng in Mechanical Engineering from Imperial College.

Adam joined Gresham House in April 2019 as part of the Forestry asset management team. He assists with all aspects of operational management across several forest portfolios and has varied experience of large scale forest management and of timber harvesting and marketing.
After achieving a first class BA (Hons) in History from the University of Nottingham, Adam started his career with the Forestry Commission at Grizedale Forest, Cumbria, where he first developed an interest in forest management. He went on to gain an MSc in Forestry from the University of Aberdeen and has since worked for seven years in commercial forestry, mainly on the west coast of Scotland.

Alex is Managing Director and Head of the Housing and Capital Markets teams of Gresham House following the acquisition of TradeRisks in March 2020. He is also the Chief Executive of ReSI Capital Management and Executive Director of ReSI Homes Limited, the for-profit Registered Providers now managed by Gresham House. Alex was the founder and Chief Executive of TradeRisks Limited from 2000 to March 2020. Prior to TradeRisks, Alex worked for seven years at JP Morgan where he founded its risk advisory businesses, then HSBC leading the banks’ global risk advisory business, and Tokai Bank Europe as head of Capital Markets and Merchant Banking. Alex has 33 years of experience in the finance industry, with the last 20 years focusing on social housing.
He holds a first-class honours degree in Theoretical Physics from the University of London and a doctorate in Mathematics from the University of Oxford.

Anthony’s background is in investment banking, having previously worked for international firms in London, New York and South America, including Macquarie and Merrill Lynch. At Gresham House, he is responsible for business development, marketing and sales for our forestry and new energy assets, also managing one of the funds.
Anthony has a BA (Hons) in History from Newcastle University and is an Investment Management Certificate holder. He is also a registered adviser with the Financial Conduct Authority.

Antoine Pesenti is Head of Capital Markets at Gresham House following the acquisition of TradeRisks in March 2020. Antoine spent 17 years at TradeRisks as a Senior Managing Director, where he was responsible for debt advisory and debt arrangement for bank facilities, private placements and listed bonds. During that time, Antoine also worked on missions for the World Bank to develop credit risk management models for several national treasuries. Prior to TradeRisks, Antoine worked on the development of Monte Carlo simulation short-rate models for risk management at the European Bank for Reconstruction and Development and was assistant professor of mathematics in Classe Préparatoire aux Grandes Ecoles in France. Antoine holds an MSc in Finance and Economics from the London School of Economics, an MPhil in Mathematics from ENS Paris-Saclay, and a Bachelor of Arts in Philosophy from Sorbonne University, Paris.

Ben Fry is Head of Housing Investment at Gresham House and a director of the two Registered Providers of Social Housing it manages, ReSI Homes Limited and ReSI Housing Limited. He joined the firm in March 2020 following the acquisition of TradeRisks where he was Managing Director and Investment Manager for its fund management division ReSI Capital Management.
Ben has 15 years’ industry experience, with 9 years social housing experience since joining TradeRisks in 2011. Ben has led the investment management for fund Residential Secure Income plc since IPO in July 2017, prior to which he led TradeRisks’ debt advisory services for housing associations, local authorities, and specialist residential accommodation.
Ben qualified as a chartered accountant with Deloitte and is a member of the Institute of Chartered Accountants of England and Wales. He holds a BSc in Mathematics from Imperial College London.

Bozkurt joined Hazel Capital (now Gresham House New Energy) in 2008 as a Partner and Portfolio Manager. He co-manages the Gresham House New Energy VCTs and sources and executes new opportunities, covering transaction negotiation, due diligence and contract negotiation. He dedicated the early part of his career to funding and advising companies in the telecommunications and technology industries, whilst in roles at Nomura, Salomon Brothers, Bowman Capital and Deloitte & Touche. In 2002 he co-founded and built New Energy Finance (NEF), which became the leading provider of data, research and analysis to investors in the global cleantech industry. NEF was acquired by Bloomberg in December 2009.
He has 25 years’ principal investment, advisory and business-building experience in the clean energy, telecommunications and technology industries, and holds an MSc in Electrical Engineering from Imperial College London.

Carole is responsible for the asset management of Gresham House’s renewable portfolio and also acts as fund manager for one of the wind funds. Carole joined Gresham House as part of the FIM Services Ltd integrations, and has been involved in the origination, financing, construction and management of all of the previously FIM-branded renewable assets.
Prior to joining FIM, Carole worked across a number of sectors including technology, software and travel as a Finance and Operations Director following qualification as a Chartered Management Accountant.

David Gardner has been CIO, Forestry and a member of the Forestry Investment Committee at Gresham House since May 2020. He joined the firm from Global Forest Partners LP, a US based timber management and investment company, where he worked from 2009 to 2019. David is responsible for developing the company’s international growth as well as supporting the management of the existing forestry investments. While at Global Forest Partners, David served as an Investment Director as well as being a partner and serving on the Investment Committee. Prior to that, he worked at the international management consulting firm Pӧyry, based in Singapore. David has over 30 years of experience in the global forest industry, with the last ten years focused on international institutional investment and asset management in forestry. David holds a Bachelor of Science, a Master’s degree in Forestry and is an MBA graduate from Cranfield University.

Ed has been an Investment Director at Gresham House since February 2019. Ed has been working with growth companies since 2000 as a corporate finance adviser, COO, CFO and investor. Prior to joining Gresham House, Ed was focusing on renewable energy and infrastructure at Downing LLP, where he was Head of the Energy and Infrastructure team, managing over £400m of assets under management. From December 2010 to June 2013, he worked as an Investment Director for 350 Investment Partners, the fund managers of the Carbon Trust venture investments and the North West Fund for Energy and Environmental. Prior to that Ed was working at Bridges Ventures from 2008 to 2010 where he began focusing on social impact and sustainable investing. Ed has experience in originating, negotiating and managing venture, growth and infrastructure transactions and actively managing a portfolio of investments through to profitable exit. He has 25 years of experience, holds an MA in Economics from Cambridge and qualified as a Chartered Accountant with Arthur Andersen in 1998.

Ed works on the origination, appraisal, execution and management of renewable energy investments. Prior to joining Gresham House, Ed worked with KPMG, qualifying as a Chartered Accountant, before moving into commercial finance with Siemens L&A and then corporate finance with MacIntyre Hudson LLP, where he specialised in business start-ups and mid-market transactions.
Ed holds both a first class BSc in Economics from the University of Manchester and the Investment Management Certificate, and is a registered adviser with the Financial Conduct Authority.

Edward Latter has been a Fund Manager at Gresham House since May 2018. He manages Gresham House Forest Fund I LP and FIM Sustainable Timber and Energy LP, and is primarily responsible for implementing the fund’s strategy, operational oversight and investor reporting. His role also involves the valuation of UK forestry assets and overseeing fund deal flows. Prior to joining Gresham House, he worked at FIM Services Ltd as an Assistant Fund Manager from 2012 and was appointed Fund Manager of Gresham House Forest Fund I LP in 2016 and FIM Sustainable Timber and Energy LP in 2019. Prior to this, Ed worked as a graduate surveyor for Cluttons LLP for three years where he dealt with UK commercial property portfolios for institutional and high net worth individuals. Ed is a Chartered Surveyor and a RICS Registered Valuer. He has 11 years of experience and holds a postgraduate diploma (PG Dip) in Financial Strategy from Saïd Business School, University of Oxford, and a RICS accredited BA (Hons) degree in Real Estate from Oxford Brookes University. He also obtained the Investment Management Certificate.

Gareth has been an Investment Director at Gresham House since November 2017. He joined the company following the acquisition of Hazel Capital where he was a Partner. Gareth is responsible for executing investments, particularly acquisitions, disposals and limited recourse financings of pre-and-post commissioned renewables projects. Prior to joining Hazel Capital, he worked at Barclays Capital from 2001 to 2009, latterly as a Vice President for Barclays Natural Resource Investments, a c.US$1.5bn captive private equity fund investing in natural resources and renewable energy. Prior to that, he worked in the Structured Capital Markets divisions of Barclays Capital and Deutsche Bank, handling the acquisition and disposal of various asset-based companies. He started his career in infrastructure project finance at NatWest Markets, advising on and financing a number of Private Finance Initiative (PFI) / Public Private Partnership (PPP) projects. Gareth has over 20 years of experience and holds an MBA from Imperial College Business School, an MSc in Engineering Project Management and a BEng in Civil Engineering, both from the University of Manchester.

Gourav is a Director in the Capital Markets team at Gresham House, following the acquisition of TradeRisks in March 2020, and is a member of the Housing and Infrastructure team. Since joining TradeRisks, he has been responsible for executing on advisory engagements for both housing associations and infrastructure clients.
He previously worked at Arcus Infrastructure Partners in their core infrastructure investments team, where he was responsible for reviewing and executing on new investment opportunities. Prior to this, Gourav worked at PIMCO in the financial advisory team where he was responsible for assessing the credit quality of infrastructure loan books. He also spent a number of years working in the infrastructure advisory team of EY in the UK and Australia. Gourav’s recent work experience includes advising a fibre network developer on funding their projects.
Gourav has over 15 years of professional experience in financial advisory and investment. He holds a Master of Commerce degree from Macquarie University and qualified as an Actuary with the Institute of Actuaries of Australia.

Graham is an experienced forestry professional, responsible for all operational aspects of the Gresham House forestry funds. After a short period of practical experience in the UK, Sweden and New Zealand, he joined UA Forestry Ltd (a division of United Auctions Group) as a forest manager, progressing to become their managing director in 1997.
In 2001, he left UA to found his own forestry management company, Aspen Forestry Ltd, which specialised in providing forest management services across Scotland. Following the successful sale of Aspen, Graham joined Gresham House in 2007. His specialism is in developing, negotiating and managing non-forestry ‘higher and better use’ investments on behalf of client funds, particularly renewable energy developments, telecom rentals, power line access and compensation and residential developments.

Henrietta Russell has been a Forestry Asset Manager at Gresham House since October 2016. She manages existing assets on behalf of Gresham House private clients. She joined Gresham House from Butler Sherborn where she worked as a Rural Chartered Surveyor for private clients. She was responsible for managing rural estates and property in the UK. Henrietta has over 14 years of experience in rural property. She has been a member of Royal Institution of Chartered Surveyors (RICS) (MRICS) for 11 years and is a retired Fellow of Central Association of Agricultural Valuers (FAAV). She holds a BSc (Hons) in Land Management from the University of Reading graduating in 2006.

Izzy is an Associate Director at Gresham House, leading on commercial and carbon forestry investment appraisals in the UK and internationally. Izzy joined Gresham House in May 2018 following the acquisition of FIM Services Ltd. Prior to joining Gresham House, Izzy worked for over six years in commercial real estate advisory, building out investment and agency team platforms at Cushman & Wakefield, Knight Frank, and Strutt and Parker, forming and executing strategic and complex projects. Prior to this Izzy worked as an Investment Analyst at European equity hedge fund Libra Equity. Izzy is the youngest visiting professor at the prestigious IEB University in Madrid, teaching the CFA curriculum. Izzy has over 10 years of experience, is a CFA charterholder and has an MSc in Finance from the University of Exeter. He is also fluent in Spanish and Dutch.

Jai Srivastava is an Associate Director at Gresham House and a member of the Housing team. He joined the firm in March 2020 from ReSI Capital Management, where he spent two years analysing residential property investments in the retirement, local authority housing and shared ownership sectors. Prior to that, he spent four years in banking audit at KPMG where he focused on the valuation of financial instruments.
Jai has six years of professional experience, holds a BA in Philosophy, Politics and Economics from Magdalen College, Oxford and qualified as a Chartered Accountant with KPMG. He is working towards completing the CFA qualification having passed the Level III examination.

James Armstrong is an Investment Associate, working across both forestry and renewables at Gresham House. He joined in May 2018 following the acquisition of FIM Services Ltd. James is focused on the acquisition of new assets and takes an active role in the day to day management of the portfolio. Prior to joining Gresham House, he worked at J.P. Morgan, RWE Supply and Trading and most recently spent four years at Computershare Investor Services as an equity dealer, managing a range of global share plans and option schemes on behalf of corporate clients. James has ten years of experience in financial services with a BA in Business Administration, he is a holder of the Investment Management Certificate and is enrolled as a Level II candidate in the CFA program.

New Energy
James joined Gresham House in November 2018 having previously been at Livingbridge. Prior to this he worked in TMT audit at EY for 3 years, where he qualified as a chartered accountant.
James holds a first-class Master’s degree in Mathematics from Durham University.

James is the Finance Director for the Housing division at Gresham House and has over seven years of finance and financial services experience. He joined Gresham House as part of the acquisition of TradeRisks in March 2020, where he was Finance Director of ReSI Capital Management.
Prior to TradeRisks, James was the Finance Manager at United Trust Bank, where he led the team responsible for financial control and reporting.
James holds a degree in Economics and Management from the University of Oxford and is a qualified chartered accountant, having trained at PwC.

Jason Sinden is an Investment Director in Gresham House Forestry, where he primarily focuses on acquisitions. Jason was the Forestry Director for FIM Services Ltd which was acquired by Gresham House in May 2018. Jason began working in forestry investment with FIM Services Ltd as an Investment Manager in 2000, before leaving to join Tilhill Forestry in 2005. At Tilhill Forestry, he developed the forestry investment business, and was promoted to Investment and Property Director in 2015 before re-joining FIM Services Ltd in 2017 as a Forestry Director. Jason has over 20 years of experience in the financial services industry, together with a further five years in the forestry and timber processing industry. During his career, he has worked on many high-profile forestry acquisitions and woodland creation projects in the UK, as well as investment projects in Scandinavia and eastern Europe. He graduated from the University of Aberdeen with an Honours Degree in Forest Management, before completing an MBA from the Open University. This was followed by the Senior Management Development Programme at IMD (Lausanne). Jason is also a Fellow of the Institute of Chartered Foresters and a Chartered Surveyor.

Joe is an Investment Director in the New Energy team, focused primarily on sourcing and executing new investments for the British Strategic Investment Fund. Prior to joining Gresham House, Joe worked for Lloyds Banking Group in their structured finance team, supporting primarily UK companies with the structuring and execution of secured capital markets transactions. At Lloyds, Joe was involved in a number of whole business and asset backed securitisations and bond financings including advising on a funding package for a hospital and a regulated water utility.
Whilst at Lloyds, he also gained experience in restructuring and private equity. Joe holds a BA (Hons) and MA from Durham University and is a CFA charter holder.

John has been Technical Director at Gresham House since November 2017. He joined the firm following the acquisition of Hazel Capital and is responsible for the technical development and optimisation of energy storage assets, and technical support for existing solar and wind assets. Prior to his experience at Hazel Capital, John worked in the UK solar sector, initiating O&M and asset management for a number of ground-mounted solar PV asset portfolios with a total generation capacity of over 600 MW. Prior to this, he managed the operational control, trading and grid-interface of a UK wind portfolio at RWE/Npower with over 1 GW generation capacity. Before moving to London in 2011, John worked with the Irish utility ESB, in management roles in a 400 MW CCGT plant, and in trading/commercial optimisation of CCGT assets in the UK and Ireland. John is a Chartered Engineer with over 20 years of experience and holds a BE in Mechanical Engineering from University College Dublin, an MSc in Operations Management from Dublin City University and an MBA from the Open University.

Josh is an Investment Manager focusing on forestry acquisitions and the fund management of the Forestry Limited Partnerships. He holds a BA (Hons) from Reading University, is an ACA chartered accountant and is currently studying towards the Investment Management Certificate.
Previously, Josh was awarded a place on PricewaterhouseCoopers’ prestigious Flying Start degree programme before joining the firm full time as a Senior Associate, specialising in financial services. He then moved onto Hazlewoods LLP to focus on mergers and acquisitions concentrating on corporate due diligence.

Mark is the Chief Executive Officer of ReSI Housing and Head of Housing Origination since 2018, leading the acquisitions efforts. He joined Gresham house in March 2020 following the acquisition of TradeRisks. Before joining ReSI Housing, Mark spent 12 years as a Chief Executive of Circle Housing Group, a 65,000-unit housing association, before merging it into the Clarion Group, the largest housing association in the UK. Prior to that, Mark held Chief Executive roles at Anglia Housing Group and Nene Housing Society. He has 38 years’ social housing experience and has been a member of the Chartered Institute of Housing since 1986.

Matthew Giles has been an Investment Director and the Head of the Forestry Asset Management Team at Gresham House since November 2015 following the successful acquisition of Aitchesse by Gresham House. The team oversees the management of Gresham house clients’ forestry investments where he has the primary responsibility of managing two major portfolios in both the UK and Ireland and leading the ESG initiatives for forestry. Prior to joining Gresham House, Matthew was a Senior Forest Manager for 12 years covering all aspects of forest management across the UK for family offices and high net worth individuals. He previous experience includes the responsibility for FSC (Forestry Stewardship Council) audits on all the forest areas. He has over 20 years’ experience in forestry and qualified as a Professional Member of the Institute of Chartered Foresters (MICFor) in 2004. He holds a Bachelor of Science (Honours) in Forestry from Newton Rigg, graduating in 2000.

Matt is a chartered surveyor with over 13 years’ experience in investment management. He is responsible for the asset management of Gresham House’s forestry portfolio and for family office and high net worth individuals’ forestry and renewable portfolios worth over £571m. Matt is also responsible for the valuation and acquisition of investment opportunities.
Prior to Gresham House and FIM, Matt worked for Smiths Gore as a rural estate manager, advising a number of private clients on the management of their diverse property portfolios. Before this, he worked for Jones Lang LaSalle in their financial services team advising on the formation of joint venture property development companies. Matt holds the Certificate in Investments and is a registered adviser with the Financial Conduct Authority.

Matthew joined Gresham House in July 2020 as a Commercial Asset Manager.
Prior to this, Matthew had worked in the energy industry for 7 years, initially in Oil & Gas before transitioning to renewable / clean energy with the latter period focused on maximising revenue streams available to energy storage assets.
Matthew holds an MEng in Chemical Engineering from Imperial College London and an MSc in Renewable Energy from the University of Reading.

Michael Woodman is Head of Structuring, Housing at Gresham House following the acquisition of TradeRisks in March 2020.
Michael had been legal counsel at TradeRisks since 2012 and joined with experience in debt capital markets from an international law firm, having advised clients on a range of capital markets and banking transactions. Michael works closely with client managers and has been responsible for structuring, legal and settlement elements on all financing transactions arranged by TradeRisks. For ReSI Capital Management Limited, Michael has worked closely with the origination team, ensuring deployment of funds, and the investment management team, tasked with borrowing against fund assets in accordance with the investment objective.
Michael is a dual-qualified solicitor active in corporate finance since 2005 and holds an LLB (Hons) from University College London.

Oliver is an Associate Director at Gresham House, following the acquisition of TradeRisks in March 2020. He focuses on developing new and maintaining existing relationships, as well as the financial modelling of new acquisitions for ReSI.
He was previously Head of Acquisitions for a Real Estate developer focusing on development origination and analysis and headed a team of four acquiring and reviewing schemes with a GDV of up to £1bn.
He has six years of housing and residential investment experience and holds a BSc in Real Estate, Finance & Investment from Cass Business School.

Pete has been Head of Housing Management at Gresham House since March 2020, following the acquisition of TradeRisks. He is responsible for due diligence on residential acquisitions and operational performance by ReSI’s property managers and leaseholders. He has built a strong reputation in the housing sector on topics like the market dynamics and development economics. He has been an advisor to the Greater London Authority, the Scottish Government, and was a member of the team that won the Wolfson Economics Prize in 2014 on housing supply. Pete was Chief Executive of Notting Hill Housing Group and Chief Officer at two London Boroughs. He joined TradeRisks Ltd in 2013 and has 46 years’ experience in residential portfolio management. Pete studied Engineering and Philosophy at the University of Cambridge, is an Alumni of the London Business School, and is an Honorary Fellow of the Royal Institute of British Architects.

Rich joined Gresham House in June 2020 as Technical Asset Manager. His career started as an engineering apprentice at Drax power station and has progressed through plant operations, maintenance and engineering, into asset and plant management. With extensive industry experience, he has been exposed to many different business units and has been heavily involved in a variety of major engineering projects including upgrades to failing assets and completion and commissioning of state of the art new build energy-from-waste sites.
He has over 25 years’ experience in the Energy industry of which five years were spent trading UK power and gas for International Power, London and two years trading UK and Ireland power and gas for ESBi, Dublin.

Richard is a Chartered Surveyor whose experience covers all property issues. His expertise includes: complex documentation and due diligence matters, developing and implementing investment schemes – particularly those based on tax-efficient structures – and managing a wide range of investor contacts established through FIM’s investment business. Richard is a registered adviser with the Financial Conduct Authority.

Rob Carlow has been an Investment Director and a member of the Forestry Investment Committee at Gresham House since November 2015, primarily focusing on asset acquisitions. Rob joined the group from Aitchesse Ltd where he was a Company Director for two years and Head of Acquisitions for three years. Prior to joining Aitchesse Ltd, Rob spent five years at CNBC Europe as a technical analyst covering financial news. Following this, he was managing his own consultancy business specialising in carbon management and commercial forestry for two years. Rob has ten years of investment experience in the commercial forestry sector, investing in the UK and globally. He holds a Master’s degree in environmental economics from Glasgow University and a Bachelor of Art in engineering from Southampton Solent University.

Sergey is an Associate at Gresham House, following the acquisition of TradeRisks in March 2020. He started as a Real Estate Analyst at ReSI Capital Management and was responsible for identifying, implementing and reviewing programmes of work required to develop and improve the company’s existing portfolio of properties.
In October 2019, Sergey was promoted to Associate with further responsibility for portfolio asset management, general portfolio analysis, reporting and complying with investor/REIT requirements, and assisting with the preparation of quarterly and year end reports. Prior to joining ReSI CM, he managed a portfolio of commercial real estate.
He holds a Bachelor’s Degree in Finance and Financial Services and a Master’s Degree in International Business and Economics from Westminster Business School.

Simon is a Chartered Forester with over ten years of private and public sector experience. He has a BSc in Forestry from Bangor University, graduating in 2008. He specialises in woodland creation and general forest management.

Stephen Ramage has been a Timber Marketing Manager at Gresham House since November 2015. He joined Gresham House from Aitchesse Ltd where he had worked as an Assistant Forester Manager since September 2010, before being promoted to Timber Marketing Manager in 2014. Stephen is a specialist in marketing and harvesting of client timber and has responsibility for the marketing and management of timber sales. Prior to joining Aitchesse Ltd, he worked for three years at Smiths Gore (now Savills) managing woodlands on behalf of private clients as well as undertaking tree safety surveys.
Stephen has over 13 years of experience in UK forestry and has been a Professional Member of the Institute of Chartered Foresters for 10 years. He holds a Bachelor of Science (Honours) in Forestry from the University of Wales, Bangor, graduating in 2007.

Based in our Oxford office, Suzy works in the asset management team for our renewables portfolio. Suzy has been involved in the construction, financing and operational management of over 100 MW of onshore wind and solar assets on behalf of investors.
Previously, Suzy worked as a Senior Investment Analyst for Sun Life Financial of Canada and Lincoln Financial Group. Suzy is a Chartered Financial Analyst (CFA) and has a first class BSc (Hons) in Mathematics and Statistics from the University of Bath.

Prior to joining Gresham House, Tom worked for Polar Capital for 5 years on both the investment and operational side, during which time he completed the IMC. Following a sustainability direction, he designed and built a rural indoor farm, selling the produce to local restaurants and farmers markets. He graduated in 2010 from the University of Edinburgh with a BSc (Hons) in Scientific Geography.

Fund Manager; responsible for management of in-forest operations and fund reporting. Post qualification, he worked as a forest manager on the full spectrum of forest activities, with a particular emphasis on adding value through bare land planting. In 2004, he moved to the Forestry Commission where he held various responsibilities including regulatory compliance role over the industry’s private sector. Latterly he was project manager of an IT project, and represented the Forestry Commission on the SEARS (Scotland’s Environmental & Rural Services) programme of organisational change. In 2012 he joined Gresham House Forestry and is one of the teams qualified chartered foresters.

Tristan joined Gresham House in June 2020 as an Investment Associate within the Infrastructure team.
Tristan joined from Neptune Energy, a private equity-backed energy company, where he was Business Development Lead and focused on the origination and execution of acquisition opportunities and corporate strategy. Prior to this, he was part of the Investment Banking team at Scotiabank, where he worked on mergers and acquisitions in the energy and infrastructure sectors.
Tristan holds a BA (Hons) in Accounting & Finance from Durham University and is a CFA level II candidate.

Wayne has 24 years of technical, commercial, stakeholder and general management experience in the energy sector. Before joining FIM Services Ltd, where he served as COO prior to their acquisition, Wayne was Onshore Wind Development and Construction Director for RWE Innogy.
Wayne is a Chartered Engineer and has a PhD in Engineering from the University of Sheffield. He has overseen the construction of 17 wind farms (~400MW) and the sale of 12 wind farms (~200MW) over the past 12 years. He has also represented the industry on aviation matters as a director and vice chair of the Aviation Investment Fund Company Ltd. Wayne is a registered adviser with the Financial Conduct Authority.
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Important Information
This website is not intended to constitute, and should not be construed as, investment advice, an investment recommendation or investment research. All information contained on this website has been provided to you for information purposes only, may not be relied on for any purpose and should not be assumed to be complete, accurate, up to date or fit for a particular purpose.
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In addition to any other risk factors contained within Regulated Information available on this web site, investors should note that investments referred to on this website place investors’ capital at risk and could result in a total loss of capital.
Past performance is not indicative of future events.
Prospective investors should seek their own independent financial, tax, legal and other professional advice before making a decision to invest.
Some Regulated Information may relate to Alternative Investment Funds within the meaning of the Alternative Investment Fund Managers Directive and the availability of such information will be subject to the registration of the Alternative Investment Fund in relevant jurisdictions as described in the documents relating thereto. Any dissemination or unauthorised use of information or documents obtained from this website by any person or entity is strictly prohibited.
To the greatest extent permitted by law, Gresham House Asset Management Limited and the members of the Gresham House Group and their affiliates, agents, service providers and professional advisers assume no liability or responsibility and owe no duty of care for any consequences of any person acting or refraining to act in reliance on the information or documents contained on this website or for any decision based on it.
The nature of investment in VCTs
VCTs are a particular type of investment company. They were established by the UK Government with the intention of encouraging investment in smaller, or ‘venture’, UK companies. Investment in VCTs is high-risk and for the long-term. Prospective investors should refer to the detailed risk warnings in the relevant prospectus, but key risks are set out below.
Past performance and risk of loss of capital
The past performance of the VCTs is not a guide to their future performance. The value of a VCT depends on the performance of the underlying assets. The value of the investment and dividend stream from the Gresham House Renewable VCTs can rise and fall. Shareholders may get back less than originally invested, even taking the tax reliefs into account. There can be no guarantee that investment objectives of any of the VCTs will be achieved.
Risks inherent in investing in small companies
Investment in smaller companies which are unquoted, or traded on AIM or ISDX Markets, by its nature, involves a higher degree of risk than investment in larger companies, including those traded on the main market. In particular, smaller companies often have limited product lines, markets or financial resources and may be dependent for their management on a smaller number of key individuals. In addition, the market for shares in smaller companies is often less liquid than that for shares in larger companies, bringing with it potential difficulties in acquiring, valuing and disposing of such shares.
Investments held by the VCTs may be difficult to realise. The fact that a share is traded on AIM or PLUS-Markets does not guarantee its liquidity. The spread between the buying and selling price of such shares may be wide and thus the price used for valuation may not be achievable. Any change of governmental, economic, fiscal, monetary or political policy could materially affect, directly or indirectly, the operation of the VCTs and/or their ability to achieve or maintain VCT status.
Long-term investment and liquidity risks
An investment in a VCT is for the long term. VCT shares are not likely to be easy to sell at full value. Trading in VCT shares is not particularly active, so shares tend to be valued at a discount to their net asset value. In other words, if you seek to sell, you may be offered a price which is less than the full value of the underlying assets. Mechanisms for the buy-back of shares are explained in the annual reports for the VCTs, but you should have no expectation that there will be any buy-back or other opportunity to redeem your interest.
Tax risks
The information on this web site is based on existing legislation, including taxation legislation. The tax reliefs described are those currently available. The tax rules or their interpretation in relation to an investment in the VCTs and/or rates of tax may change during the life of the VCTs and any such changes can be retrospective. Changes in legislation concerning VCTs in general, and qualifying holdings and qualifying trades in particular, may limit the number of new qualifying investment opportunities and/or reduce the level of returns that would otherwise have been achievable. The value of tax reliefs depends on the personal circumstances of the holders of the share in the VCTs, who should consult their own tax advisers before making any investment.
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Company Information
Gresham House is registered in England and Wales under company number 09447087 and has its registered office at 5 New Street Square, London, United Kingdom, EC4A 3TW. Gresham House’s main trading address is at 5 Cheapside, London EC2V 6AA.
Important Information
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This website is not intended to constitute, and should not be construed as, investment advice, an investment recommendation or investment research. All information contained on this website has been provided to you for information purposes only, may not be relied on for any purpose and should not be assumed to be complete, accurate, up to date or fit for a particular purpose.
Certain information contained on this website may from time to time include information that relates to specified investments or regulated activity (“Regulated Information”). Where appropriate, such Regulated Information will be approved as a financial promotion by Gresham House Asset Management Limited, which is authorised and regulated by the Financial Conduct Authority with financial services register reference number 682776. Access to, and reliance on, such Regulated Information is subject to the terms and statements regarding risk contained therein. Unless explicitly stated to the contrary, no information on this website is intended as, or should be taken to be, an offer or solicitation with respect to the purchase or sale of any security or interest or other in any jurisdiction. Any decision to purchase securities or interests must be based solely on the information contained in the documents relating thereto, which must be received and reviewed in full, prior to making any investment decision. Prospective investors are reminded that the actual performance realised will depend on numerous factors and circumstances some of which will be specific to the investor.
In addition to any other risk factors contained within Regulated Information available on this web site, investors should note that investments referred to on this website place investors’ capital at risk and could result in a total loss of capital.
Past performance is not indicative of future events
Prospective investors should seek their own independent financial, tax, legal and other professional advice before making a decision to invest.
Some Regulated Information may relate to Alternative Investment Funds within the meaning of the Alternative Investment Fund Managers Directive and the availability of such information will be subject to the registration of the Alternative Investment Fund in relevant jurisdictions as described in the documents relating thereto. Any dissemination or unauthorised use of information or documents obtained from this website by any person or entity is strictly prohibited.
To the greatest extent permitted by law, Gresham House Asset Management Limited and the members of the Gresham House Group and their affiliates, agents, service providers and professional advisers assume no liability or responsibility and owe no duty of care for any consequences of any person acting or refraining to act in reliance on the information or documents contained on this website or for any decision based on it.
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Gresham House is registered in England and Wales under company number 09447087 and has its registered office at 5 New Street Square, London, United Kingdom, EC4A 3TW. Gresham House’s main trading address is at Octagon Point, 5 Cheapside, London EC2V 6AA.