Gresham House
Specialist asset management
August 2025
August 2025
▶️ Chairman Bruce Carnegie-Brown and CEO Tony Dalwood
Chairman Bruce Carnegie-Brown and Chief Executive Tony Dalwood, reflect on the first half of 2025 – a period marked by some of the most complex challenges global markets have faced.
Bruce highlighted the accumulation of global risks that continue to shape the economic environment this century. Against a backdrop of geopolitical volatility, rising debt burdens and shifting market dynamics, they discuss how Gresham House remains focused on long-term opportunities.
He emphasised the long-term imperative to build resilience into global economies – both through defences against climate change and investments that mitigate its future impact. With sustainability increasingly embedded in investor priorities, Gresham House is strongly positioned across natural capital, sustainable infrastructure, energy transition and private equity to capture these opportunities.
Tony reflected on Gresham House’s progress during H1, noting that while macroeconomic and geopolitical headwinds remain, organic growth continues, supported by global investor appetite. Notably, the Development Bank of Japan’s commitment to the Gresham House Forestry Fund VI in H1 – a landmark step as Japanese institutions explore natural capital and sustainable infrastructure allocations.
Looking ahead, both Bruce and Tony highlight the strength of Gresham House’s people and international relationships as foundations for future growth.
