Lansdowne Partners

What Lansdowne Partners does

Lansdowne Partners (UK) LLP is a London-based alternative investment management firm founded in 1998 that manages fundamental equity portfolios for institutional investors, private wealth clients, and family offices across global markets. The firm operates a multi-strategy platform spanning long-only equity strategies (Lansdowne European Long Only Fund, Lansdowne Developed Markets Long Only Fund, Lansdowne European Fund), UCITS-compliant funds domiciled in the UK, Luxembourg, Ireland, Switzerland, and the Cayman Islands (including Lansdowne (Lux) Developed Markets Fund and TM Lansdowne European Special Situations Fund), and a newly launched UK university IP-focused venture capital fund. Underlying investment processes rely on rigorous bottom-up fundamental research combined with a proprietary capital cycle and structural change framework, supported by a central investment risk team and ESG analytical infrastructure built on third-party data providers (MSCI, ISS, Integrum ESG, CDP, TPI) and Bloomberg. The firm holds FCA authorization (FRN: 613543), SEC investment adviser registration, and Central Bank of Ireland approval.

The business generates revenue primarily through management fees on long-only UCITS funds, performance fees on hedge fund and absolute return strategies, and management fees plus carried interest on its VC fund. Distribution combines a dedicated direct institutional and UK wealth sales team with third-party fund administration platforms (SS&C, Thesis Unit Trust Management) and Swiss representative arrangements (Acolin, CACEIS), alongside a secure investor login portal. The firm expanded into private markets in 2020, acquired CRUX Asset Management in August 2023, and in May 2026 launched a venture capital fund anchored by British Business Bank, Aviva Investors, and Lloyds Banking Group targeting UK university spinouts. Lansdowne Partners remains privately held under partnership ownership with no public listing.

Name

Lansdowne Partners

Legal name

Lansdowne Partners (UK) LLP

Website

https://lansdownepartners.com

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

101–250 employees

Short description

Lansdowne Partners is a London-based alternative investment manager founded in 1998 that runs fundamental equity strategies across European and developed markets for institutional investors and private wealth clients, with a recently launched UK university-focused VC fund.

Ownership category

akta.pro rank

Product category

Equity Investment Management

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394)

SIC

Investment Advice (6282)

akta.pro primary industry

Institutional Consulting RIAs (OCIO/Endowments/Foundations/Pensions) (FSAAACAG)

Keywords

• Equity investment management
• Hedge fund strategies
• Long-only equity funds
• UCITS fund management
• Venture capital fund

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Management Fees (Long-Only Funds): Lansdowne Partners charges management fees on its long-only UCITS funds, including TM Lansdowne European Special Situations Fund (£431m AUM renamed from CRUX European Special Situations Fund), Lansdowne Developed Markets Long Only Fund, and Lansdowne European Long Only Fund. The firm manages public equity strategies and expanded into private markets in 2020.
2. Performance Fees (Hedge Fund Strategies): The firm historically managed hedge fund strategies and continues to manage absolute return funds alongside long-only strategies, with performance fee structures typical of hedge fund and long-only active management.
3. Private Markets / VC Fund Management: Lansdowne Partners launched a venture capital fund in 2026 targeting UK university IP-based companies, achieving a first close of $150 million with a $200 million cap target. Revenue is generated through management fees and carried interest on the VC fund.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Lansdowne Partners is an alternative investment management firm that manages equity portfolios across multiple strategies including long-only funds, hedge fund strategies, UCITS-compliant funds, and a venture capital fund. The firm manages assets for some of the world's largest and most sophisticated investors using rigorous fundamental bottom-up research and a capital cycle investment framework. It distributes these strategies to institutional investors, private wealth clients, and professional wealth managers through direct sales, a secure investor portal, and third-party fund administration platforms.

Product overview

Lansdowne Partners is a London-based investment management boutique founded in 1998, managing assets across multiple fund structures. The core offering consists of fundamental equity strategies across developed markets, European equities, and venture capital. The fund portfolio includes UCITS-compliant funds (Lansdowne European Fund, Lansdowne (Lux) Developed Markets Fund, TM Lansdowne European Special Situations Fund) and long-only strategies (Lansdowne Developed Markets Long Only Fund, Lansdowne European Long Only Fund). The firm launched a new UK Innovation-focused VC fund in 2026 targeting university spinouts in healthcare, quantum computing, semiconductors, and defence technology. Following the 2023 acquisition of CRUX Asset Management, the firm expanded its European special situations capabilities under the Lansdowne brand.

Differentiator

Problem solved

Functional benefit

Products and services

• Lansdowne Developed Markets Long Only Fund Long-only equity strategy focused on developed markets equities, managed with the firm's fundamental bottom-up research approach. Targeted at institutional and private wealth investors seeking long-term capital appreciation in developed market equities.
• Lansdowne European Long Only Fund European Long Only Strategy launched in January 2005 and managed by Daniel Avigad, focusing on European equity investments through fundamental bottom-up research. Designed for institutional and wealth clients seeking long-term European equity exposure.
• Lansdowne European Fund UCITS-compliant European equity fund made available to investors. Designed for institutional and wealth clients seeking regulated European equity fund access.
• Lansdowne (Lux) Developed Markets Fund A sub-fund of Lansdowne Global Fund (Luxembourg SICAV) seeking long-term capital appreciation by investing in Developed Market equities. The flexible investment approach uses rigorous fundamental bottom-up research informed by capital cycles and long-term structural change. Holds 25-40 positions with maximum industry/sector exposure typically less than 35%.
• TM Lansdowne European Special Situations Fund A UCITS fund sub-fund of TM OEIC that invests primarily in equity and equity-related securities of European (excluding UK) companies identified as being undervalued with potential for significant value creation or revaluation. Equity exposure is typically 80-100% of net equity investments. Cannot leverage or borrow for investment purposes. Previously known as TM CRUX European Special Situations Fund; renamed in March 2024 following Lansdowne's acquisition of CRUX Asset Management.
• Lansdowne Partners UK Innovation VC Fund Venture capital fund targeting high-potential UK companies emerging from university research and the startup ecosystem. Focuses on healthcare data, quantum computing, natural capital, advanced materials, semiconductors, and defence technology. First close at $150 million with target final close of $200 million.

Quantifiable outcome

• Lansdowne Energy Dynamics Fund won EMEA: Sector Specialist Fund and EMEA: Sector Specialist Equity Fund Long Term Performance (2021), and EuroHedge: Specialist Sector Equity (2020).
• +1 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature3 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• CRUX Asset ManagementcoreStrategic or Co-development Partner · 31 May 2023Lansdowne Partners acquired CRUX Asset Management (a UK-based active equity investment manager) for an undisclosed sum, with completion on 14 August 2023. The £431m TM CRUX European Special Situations Fund was subsequently renamed TM Lansdowne European Special Situations Fund, expanding Lansdowne's European equity capabilities and AUM.
• Carbon Disclosure Project (CDP)minorOthers · 1 January 2022Lansdowne Partners became a signatory to the CDP in 2022. The CDP holds the largest environmental database in the world, which is utilized as part of the investment process. The firm participated in CDP's Non-Disclosure Campaign targeting companies that failed to respond to annual CDP questionnaires.
• Task Force on Climate-related Financial Disclosures (TCFD)minorOthers · 1 January 2021Lansdowne Partners became a supporter of the TCFD in 2021 and publishes an annual TCFD Entity Report.
• Transition Pathway Initiative (TPI)minorOthers · 1 January 2021Lansdowne Partners has been a supporter of the Transition Pathway Initiative since 2021. The TPI tool is used to support ESG analysis as well as engagement with existing and potential investee companies.
• Principles for Responsible Investment (PRI)minorOthers · 1 January 2020Lansdowne Partners became a signatory to the UN Principles for Responsible Investment (PRI) in 2020, committing to embed responsible investment considerations in both the investment process and firm culture.
• ISS (Institutional Shareholder Services)coreTechnology or Integration · 1 January 2016Lansdowne Partners has engaged ISS since 2016 to provide corporate research and facilitate the voting of proxies. In January 2021, the firm subscribed to the ISS Sustainability Policy to enhance ESG analysis and reporting capabilities with regard to voting and engagement. ISS provides the Firm's default voting instructions under the ISS Sustainability Policy.
• UK Stewardship CodeminorOthers · 1 January 2012Lansdowne Partners committed to the UK Stewardship Code from its inception in 2012 and has retained its signatory status under the 2020 Stewardship Code.
• SS&C Financial Services Europe LimitedminorOthersSS&C Financial Services Europe Limited serves as Fund Administrator for Lansdowne's UK-domiciled TM Lansdowne European Special Situations Fund and other UK funds, providing NAV calculation, investor reporting, and fund accounting services.
• SS&C Administration Services Luxembourg S.A.minorOthersSS&C Administration Services Luxembourg S.A. serves as Fund Administrator for the Lansdowne (Lux) Developed Markets Fund, a sub-fund of Lansdowne Global Fund domiciled in Luxembourg.
• Thesis Unit Trust Management LimitedminorOthersThesis Unit Trust Management Limited is the Authorised Corporate Director / Manager of the TM Lansdowne European Special Situations Fund, a sub-fund of TM OEIC.
• Acolin Fund Services AGminorOthersAcolin Fund Services AG serves as Swiss Representative for Lansdowne Developed Markets Long Only Fund Ltd (state of origin: Cayman Islands) and Lansdowne (Lux) Developed Markets Fund UCITS (state of origin: Luxembourg).
• CACEIS Bank, Montrouge, Zurich BranchminorOthersCACEIS Bank, Montrouge, Zurich Branch serves as Swiss Representative for the TM Lansdowne European Special Situations Fund (state of origin: United Kingdom).

Scale indicators4 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Man Group: London-headquartered, publicly listed alternative investment manager with a multi-strategy platform spanning discretionary long-only equities, long-short hedge fund strategies (AHL, Numeric), and alternatives. Closest comparable UK-based publicly visible competitor to Lansdowne's active equity and hedge fund franchise.
• Marshall Wace: London-based, founder-owned global hedge fund manager with flagship long/short equity and TOPS market-neutral strategies. Direct peer in the London active equity hedge fund ecosystem with similar institutional client base and fundamental research orientation.
• BlueCrest Capital Management: London-headquartered discretionary macro and long/short equity hedge fund manager, founded by former Man Group executives. Comparable scale, location, and fundamental equity focus to Lansdowne's long/short funds.
• Egerton Capital Partners: London-based, partnership-owned long-only and long-short equity investment manager focused on European and global equities. Comparable in size, structure, and fundamental bottom-up European equity orientation to Lansdowne's European Long Only Fund.
• TCI Fund Management: London-based, founder-owned concentrated long-only equity manager with a value-oriented, concentrated-portfolio approach. Comparable to Lansdowne's European Long Only and Special Situations strategies in client base and fundamental research style.
• Majedie Asset Management: London-based, partnership-owned active equity manager with UK, European, Global, and US equity strategies. Comparable in boutique scale, ownership structure, and fundamental bottom-up approach to Lansdowne's long-only franchise.
• Polar Capital Holdings: London-listed, specialist active asset manager with multiple single-strategy funds across equities (technology, healthcare, financials) and alternatives. Comparable in size and multi-fund distribution model to Lansdowne's UCITS and long-only product set.

Broad incumbents

• Jupiter Fund Management: London-listed, mid-cap active asset manager offering UK, European, and global equity strategies alongside fixed income. Comparable in UK-based active equity product set, though broader and more retail-distribution-oriented than Lansdowne's institutional focus.
• Schroders: Large UK-listed global asset manager with significant active equity capabilities including Cazenove heritage European and UK strategies. Comparable in geographic footprint and active equity franchise, though at much larger scale and broader product set than Lansdowne.
• Baillie Gifford: Edinburgh-based, partnership-owned active investment manager with strong global and thematic equity franchises. Comparable in fundamental growth-oriented research approach and long-term institutional client base, though with a different investment style and broader product suite.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/lansdowne-partners

Compliance10 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments45 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lansdowne Partners