LONDON, UK: Gresham House plc, the specialist alternative asset manager, introduced the disposal of its entire 23.7% shareholding in Rockwood Realisation plc (RKW).
Gresham House Asset Management had beforehand managed the fund, previously known as Gresham House Strategic plc (GHS), for six years from 2015. A change of supervisor was introduced in October 2021, and the fund was subsequently renamed.
As a half of the transaction, the Group has agreed to purchase an funding in Hanover Co-Invest S.C.A. SICAV-RAIF Sub-Fund 1 from RKW for £855,586.
The Hanover Co-Invest acquisition is complementary as a half of the Group’s ambition to develop its strategic fairness platform.
The disposal of the Gresham House shareholding in Rockwood Realisation plc (RKW) is in line with its stated technique of typically investing directly into vehicles which it manages. The efficiency of GHS under Gresham House administration over the six years delivered a complete return of 141%, a considerable outperformance versus the 74% of its benchmark, and provides a additional instance of Gresham House producing shareholder worth from the use of balance sheet capital.
As a results of the disposal, Gresham House plc will have an additional £8.5mn of money on its balance sheet to support its strategic growth priorities.
www.greshamhouse.com