To buy when others are despondently selling and to sell when others are greedily buying, requires the greatest fortitude and pays the greatest reward.
SIR JOHN TEMPLETON
At Chelverton we believe in doing things properly. We invest in proper companies. That do proper things. Managed by sensible people. For intelligent investors, who care. Founded in 1998, we are a boutique asset management business with a specialist focus on investing outside the top 100 UK equities, and unquoted SMEs. Our select range of investment products and services is carefully considered and meticulously executed. We are a growing business, but believe first and foremost in doing a few things extremely well. For this reason, we are an exceptionally focused company, offering private clients, financial intermediaries, institutional investors and family offices direct access to the very best quoted and unquoted equity investment expertise. We pride ourselves on our solid client relationships and reliable long-term performance. Our investment approach is based on taking a 360-degree view of a company to seek out investments of fundamental value.
We are changing the way fund management is done. We harness the traditional values behind a long-term investment philosophy with the modern approach of keeping things simple. As experts at investing in small and mid-cap stocks, this is on what we focus all of our time. Without the restriction of an oversized corporate infrastructure, we are able to keep our operation agile and investor focused, always ready to adapt to the continuous movement of today’s investment landscape.
Our experienced quoted equity team manage more than £500m of investments in small and mid-cap companies across four industry appraised funds. These are:
An income-focused Open Ended Investment Company ("OEIC"): This top performing fund invests in predominantly mid-cap companies and produces a yield of 4%. Having consistently beaten its rivals in the IMA UK Equity Income sector, the fund aims to deliver a high and growing quarterly dividend, plus the prospect of good long-term capital growth.
An income-focused Investment Trust: This award-winning fund invests principally in mid and small-cap companies offering a yield of 4%. Like MI Chelverton UK Equity Income Fund, this fund aims to deliver a high and growing quarterly dividend, and the prospect of good long-term capital growth. However, the closed end nature of an Investment Trust allows investment much lower down the market cap range.
A growth-focused OEIC: A new UK small and mid-cap fund investing in highly cash generative companies with strong market positions that are expected to grow faster than UK GDP. It aims to deliver progressive long-term capital growth with no income.
A growth-focused Investment Trust: A highly specialised fund investing in very small, growing companies capitalised at less than £50m. Think of this as our "nursery"! This fund aims to deliver progressive, long-term capital growth with no income.
A Europe ex UK Equity Fund: A fund investing solely in the equity securities of companies listed in Europe, but outside of the UK, across the size spectrum down to a minimum market capitalisation of €50m.
The UK is bursting with fantastic small and medium-sized enterprises (SMEs), and investing directly in the right ones opens up huge opportunities to private investors. Both in the size of the potential return and the extensive range of tax benefits available. Since 1998, our knowledgeable unquoted equity team has invested more than £50m into UK SMEs on behalf of family offices, private high net worth investors and our sister company, CEPS PLC, an AIM traded industrial holding company. Unlike quoted companies, whose shares are listed on the stock exchange, these companies are privately owned and investments are only available through our unquoted team.
OUR UNQUOTED INVESTMENT SERVICES
The key to our investment philosophy is our focus on profitable and growing companies, valued at between £500,000 and £10m, with strong, ambitious management teams that are most likely to deliver a good return for investors. In our experience, these businesses provide excellent and highly competitive investment opportunities which have long been overlooked by other private company equity providers. We offer high net worth individuals and family offices a simple and discrete route to investing directly into robust, private UK SMEs.
For Private High Net Worth Investors An exclusive investor club for discerning high net worth private investors looking to build, or add to, their private equity investment portfolios alongside other like-minded and sophisticated investors. The Club enables Members to diversify their investment portfolios, with targeted internal rates of return of between 20% and 30% and structured to use tax efficient schemes, where possible.
For Family Offices A tailor-made investment service dedicated to Family Offices and other select investors looking to build, or add to, their private equity investment portfolios independently of other investors. Our team has extensive experience constructing entire private equity portfolios, carefully crafted to achieve a range of investment ambitions for exacting clients who demand only the very best. As you would expect from a bespoke service, our solutions are developed from the ground up to precisely meet our clients' needs.
For Unquoted Companies Seeking Finance
A refreshingly uncomplicated way for business owners to access SME funding. We recognise the traditional values of a sound business proposition, a track record of consistent performance and an ambition for long-term growth. If your business can demonstrate these characteristics, and you require investment of up to £3m, we are here to help you.