LF Gresham House UK Smaller Companies Fund

Strategic Equity

Strategic Equity

A high-conviction, concentrated fund with a dedicated focus on smaller UK companies and fundamentals-based stock picking, aiming to deliver risk-adjusted returns with low correlation to its peer group.

The fund targets capital growth over the long term (in excess of five years) as well as consistent annual returns from a quality and fundamentals-focused investment strategy.

Our experienced team identify niche growth businesses with strong long-term financial performance, established management teams and a sound market position to deliver future growth potential.

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Reasons to invest

We believe there is significant opportunity in the segment of the market between £250mn and £1bn market cap at point of investment, because:

  • A lack of research provides opportunities for stock-pickers
  • New ideas are continuously unearthed within an investment universe that is changing constantly
  • It potentially offers discounted valuations due to companies being less well-known and with a perception of high risk

Our approach

  • Highly selective investment process that utilises a ‘bottom-up’ fundamentals driven approach
  • Focus on established profitable growth businesses avoiding loss makers and early stage business model risk
  • Focused on quality niche companies that are potentially well positioned to grow despite economic uncertainty

Our process

A structured and disciplined process designed to insulate us from macro and external factors that might affect companies’ performance.

There is significant opportunity in the segment of the market between £250m and £1bn at point of investment, which our process seeks to unlock:

  • Idea generation – tapping into a variety of sources through our network of relationships
  • Investment universe – we screen by size, sector, financial strength and valuation
  • Target list – ideas reviewed regularly to identify management teams to contact
  • Investment appraisal – providing insight to this process through a smaller-company focus and private-equity techniques
  • Conviction score – rating conviction and using it to determine relative weightings

Portfolio insight

In our portfolio insights series the Investment Team sit down with Chief Executives from some of the portfolio companies we invest in, where they discuss the impact of our investment in the company.

Ricardo plc

Ricardo plc is a global strategic, environmental and engineering consultancy at the intersection of transport, energy and global climate agendas, solving the most complex issues to help achieve a safe and sustainable world.

Ricardo plc is a current Smaller Companies portfolio holding as at May 2023. 

Inspired plc

Inspired plc is a leading technology-enabled provider of energy and sustainability solutions that allow UK and Irish businesses to transition to net-zero carbon and manage their response to climate change.

Inspired plc is a current Smaller Companies portfolio holding as at March 2023. 

Medica

Medica is the market leader in teleradiology, providing hospitals with support to address serious capacity issues in both urgent and non-urgent reporting pathways.

Medica is a current Smaller Companies portfolio holding as at December 2022.

 

How to invest

Prospective investors can purchase shares directly from Link Fund Solutions Limited or through a professional adviser or other intermediary. Application forms can be obtained from Link Fund Solutions.

www.linkfundsolutions.co.uk >>

investorservices@linkgroup.co.uk
0345 922 0044

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Investment team

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Distribution team

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Investor relations queries

Link Fund Solutions Limited

www.linkfundsolutions.co.uk>>

investorservices@linkgroup.co.uk
0345 922 0044