What Pelham Capital does

Pelham Capital Ltd is a London-based, FCA-regulated investment management firm (Firm Ref. No. 615375) that operates as a full scope Alternative Investment Fund Manager under AIFMD. Founded in 2007 and led by founders Hadyn Cunningham and Ross Turner, the firm manages a platform of long/short equity funds targeting institutional and high-net-worth investors with a 2–5 year investment horizon. The product suite includes the Pelham Long/Short Fund (Ltd and LP formats), the Pelham Long/Short Small Cap Fund (Ltd and LP formats), and corresponding master fund vehicles, with Eagle's Rest Limited serving as sub-investment manager and Pelham Capital Management Limited as agent.

Investment exposure spans listed equities, derivatives, and indices across small, medium, and large capitalisation companies, with the team conducting deep-dive fundamental analysis and integrating shareholder engagement on strategy, capital structure, and ESG matters. The firm generates revenue through recurring management fees and performance fees (carried interest) subject to High Water Marks, with fund manager compensation tied to crystallized performance. Distribution is direct and field-based to qualified investors, with a joint marketing arrangement with Glenernie Capital Ltd. In March 2026, the firm announced a revival with a new fund backed by $100 million.

Name

Pelham Capital

Legal name

Pelham Capital Ltd

Website

https://pelhamcapital.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

11–50 employees

Short description

Pelham Capital is a London-based, FCA-regulated alternative investment fund manager that runs long/short equity funds for institutional and high-net-worth investors, targeting 2–5 year horizons through fundamental analysis. The firm generates revenue via management and performance fees across multiple fund vehicles.

Ownership category

akta.pro rank

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Management fees and performance fees: Pelham Capital generates revenue through management fees and performance fees (carried interest) on funds managed. Fund Managers receive a proportion of crystallized performance fees generated by the AIFs they manage. Performance fees have High Water Marks (HWM), so they are only generated once underlying Fund investors have achieved a positive absolute return.

Go-to-market motion1 record

Distribution channels1 record

Core offering

Pelham Capital is a London-based, FCA-authorised Alternative Investment Fund Manager (AIFM) that provides discretionary investment management of long/short equity funds investing in listed equities, derivatives and indices across small, medium and large capitalisation companies. It earns revenue via management fees and performance fees (carried interest with High Water Marks) and distributes its funds directly to institutional and high-net-worth investors through a Collective Portfolio Management model.

Product overview

Pelham Capital is an investment management firm that operates a platform of long/short equity funds. The portfolio consists of three main fund structures (Pelham Long/Short Fund, Pelham Long/Short Small Cap Fund, and corresponding master funds), each available in both incorporated and limited partnership forms. The funds primarily invest in listed equities, derivatives and indices with an investment horizon of two to five years, strategically holding exposure across small, medium, and large capitalisation companies. The investment strategy focuses on delivering superior risk-adjusted returns through fundamental analysis.

Differentiator

Problem solved

Functional benefit

Products and services

• Pelham Long/Short Fund Ltd A long/short equity fund vehicle offering exposure to listed equities, derivatives and indices with a two to five year investment horizon, managed by Pelham Capital as FCA-authorised AIFM for institutional and high-net-worth investors.
• Pelham Long/Short Fund LP A long/short equity fund structured as a limited partnership, investing in listed equities, derivatives and indices under Pelham Capital's discretionary management.
• Pelham Long/Short Master Fund Ltd Master fund structure that aggregates Pelham's long/short equity investments in listed equities, derivatives and indices, serving as the central portfolio vehicle for the strategy.
• Pelham Long/Short Small Cap Fund Ltd A long/short equity fund focused on small capitalisation companies, investing in equities, derivatives and indices under Pelham Capital's discretionary management.
• Pelham Long/Short Small Cap Fund LP A long/short equity fund structured as a limited partnership focused on small capitalisation companies, investing in equities, derivatives and indices.
• Pelham Long/Short Small Cap Master Fund Ltd Master fund structure for Pelham's small cap long/short equity strategy, aggregating investments in small capitalisation equities, derivatives and indices.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Glenernie Capital LtdminorGTM or Marketing PartnerGlenernie Capital Ltd is mentioned in Pelham Capital's Privacy Notice as a joint marketing partner under an arrangement between non-affiliated financial companies that together market financial products or services to investors.

Scale indicators1 record

Recent moves4 records

Expansion highlights4 records

Direct peers

• Lansdowne Partners: London-based, FCA-regulated hedge fund manager specializing in equity long/short strategies targeting institutional investors. Directly comparable in product (long/short equity), regulatory profile (FCA/AIFM), and target client base (institutional LPs).
• Polar Capital: London-based active investment manager operating equity long/short and long-only funds for institutional and HNW investors. Closely comparable in strategy (fundamental equity long/short), structure (FCA-regulated, AIFM), and client base (institutional and intermediary distribution).
• Longview Partners: London-based, FCA-regulated investment manager running global and European equity long-only and long/short strategies for institutional clients. Directly comparable in jurisdiction, strategy universe, and institutional client focus.
• Marshall Wace: London-headquartered, FCA-regulated alternative asset manager running fundamental and systematic equity long/short strategies for institutional clients globally. Comparable as a UK long/short peer with discretionary and systematic capabilities serving institutional LPs.
• J O Hambro Capital Management: London-based, FCA-regulated boutique active equity manager offering long-only and equity long/short strategies for institutional and intermediary clients. Comparable in size, jurisdiction, and active fundamental equity approach.

Broad incumbents

• Janus Henderson Investors: Large global asset manager with UK-based equity long/short and long-only capabilities for institutional clients. Comparable as a broad incumbent operating equity strategies from London, though vastly larger and more diversified than Pelham.
• Schroders: Large London-headquartered global asset manager with active equity, multi-asset, and alternatives capabilities serving institutional and intermediary clients. Comparable as a broad incumbent in UK active equity management, with overlap in long-only and select long/short offerings.
• Man Group: Large London-listed alternative asset manager with discretionary equity long/short, quant, and multi-strategy capabilities serving global institutional clients. Comparable as a broad incumbent in UK equity long/short, though far larger and more diversified than Pelham.

Regional players

• Mondrian Investment Partners: London-based, FCA-regulated value-oriented equity manager running global and emerging market mandates for institutional clients. Comparable in jurisdiction and institutional focus, with similar fundamental bottom-up investment style.

Emerging players

• Alken Asset Management: London-based European equity long/short manager running concentrated, fundamental strategies for institutional clients. Comparable boutique profile and strategy focus to Pelham, though typically with a European-only mandate.

Market position

Strengths1 record

Weaknesses5 records

Competitive moat3 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries8 records

Funding overview

Funding rounds

Investors

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

M&A

Investments4 records

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

Frequently asked questions about Pelham Capital