LMS Capital
- Company typePublic
- Founded2006
- HeadquartersLondon, United Kingdom
- Headcount1–10
- GTM typeB2B
- OfferingServices
LMS Capital firmographics
Firmographics- Name
- LMS Capital
- Legal name
- LMS Capital plc
- Website
- https://lmscapital.com
- Company type
- Public
- Founded year
- 2006
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
LMS Capital industry classification
Industry- Product category
- Closed-End Private Equity Investment
- NAICS
- Portfolio Management and Investment Advice (52394), All Other Financial Investment Activities (52399)
- SIC
- Investors, Nec (6799), Investment Advice (6282)
- akta.pro primary industry
- Late-Stage Venture Capital (Series C+) (FSANAAAC)
- akta.pro secondary industries
- Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ), Small-Cap Equity (Active) (FSAAAIAC)
Keywords
Where LMS Capital is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices1 record
Markets served
LMS Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Others
Revenue model
- Investment Returns: LMS Capital generates returns through dividends, interest income, and capital appreciation from its portfolio investments including private equity funds, energy (Dacian), and retirement living (Castle View). The company aims to deliver 12-15% per annum return over medium to long term.
- Capital Realisations: Following the managed realisation strategy approved in May 2025, the company returns capital to shareholders through periodic distributions as portfolio assets are realised.
- Investment Management Fees: The internally managed investment company generates returns from its portfolio without external management fees, creating cost efficiencies.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Dividends commenced in 2020 at 1.5% of year-end NAV with intention to progressively increase |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
LMS Capital product offering
Product offeringCore offering
LMS Capital plc is a listed investment company that holds and manages a portfolio of private equity fund investments, energy assets (Dacian Petroleum), and retirement living assets (Castle View Retirement Village). The company invests in profitable and growing private companies and, following shareholder approval in May 2025, is executing a managed realisation strategy to orderly realise portfolio assets and return capital to shareholders through periodic distributions.
Product overview
LMS Capital plc is a listed Investment Company pursuing a managed realisation strategy of its assets. The company operates as a single unified investment platform with five principal portfolio investments: three legacy private equity investments (Opus Capital Venture Partners, Weber Capital Partners, and Elateral) that are relatively liquid, and two other investments in the energy sector (Dacian Petroleum) and retirement living sector (Castle View) which are less liquid. The company returns capital to shareholders through realisations of its portfolio holdings.
Differentiator
Problem solved
Functional benefit
Products and services
- Opus Capital Venture Partners US-based venture capital fund that invests in early-stage technology opportunities with two principal assets remaining. LMS Capital holds this investment at a NAV of £3.0 million.
- Weber Capital Partners (GW 2001 Fund) US fund that invests in listed US micro-cap stocks, primarily in the technology and medical sectors. LMS Capital holds this investment at a NAV of £2.0 million, representing the most liquid holding in the portfolio.
- Elateral Digital marketing company operating cloud-based software that allows corporate marketing materials to be distributed to local marketing teams, enabling content tailoring while protecting brand identity. LMS Capital holds 62.5% with a NAV of £1.7 million.
- Dacian Petroleum Romanian oil and natural gas production company operating 40 late life onshore fields acquired in 2020. LMS Capital holds up to 67.4% with a NAV of £7.3 million as of mid-2025.
- Castle View Retirement Village Retirement living development comprising 64 self-contained one and two bedroom apartments close to Windsor town centre, with communal facilities including 24-hour reception, library, lounges, roof terrace, bars, private dining room and restaurant. Residents acquire apartments on 250-year leases with a deferred fee model for communal facilities. LMS Capital holds 100% through LMS Retirement Living Limited with a NAV of £6.6 million.
Quantifiable outcome
- 12-15% per annum target return over medium to long term
- +1 more outcomes
Companies that use LMS Capital
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles2 records
LMS Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
LMS Capital partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- Castle View Retirement Villagecore100% owned subsidiary operating retirement living development with 64 self-contained apartments near Windsor. Residents acquire apartments on 250-year leases with deferred fee model for communal facilities.
- Dacian PetroleumcoreRomanian oil and natural gas production company operating 40 late life onshore fields. LMS holds 32% equity (originally) with further investment increasing stake. New leadership team appointed in 2025 with operational support from LMS.
- ElateralminorUK digital marketing company with cloud-based software for corporate marketing materials distribution. LMS holds 62.5% with £1.7 million NAV. Options to realise investment under review.
- Shore CapitalminorDesignated broker for LMS Capital. Contact: Gillian Martin, Sophie Collins at 020 7408 4050.
Scale indicators11 records
Recent moves7 records
Expansion highlights3 records
LMS Capital competitors and assessment
Company assessmentDirect peers
- Apax Global Alpha: London-listed closed-end investment company focused on private equity fund investments and direct deals; directly comparable listed PE vehicle with similar portfolio construction philosophy.
- Oakley Capital Investments: London-listed investment company providing exposure to Oakley Capital's mid-market private equity strategy; comparable small-to-mid cap UK listed PE investor with similar discount-to-NAV profile.
- Hg Capital Trust: London-listed investment trust investing in unlisted software and technology businesses via Hg funds; comparable listed PE/VC investor with similar LSE-traded structure and target return objectives.
- Princess Private Equity Holding: Listed investment company investing in private equity fund interests globally; directly comparable as a closed-end listed vehicle with diversified PE exposure and similar capital-return mechanics.
- ICG Enterprise Trust: London-listed investment trust providing shareholders exposure to a portfolio of private equity investments; similar structure, investor base and listed-fund business model to LMS Capital.
- Pantheon International Plc: London-listed private equity fund of funds investing across primary, secondary and co-investment opportunities; operates a similar listed-pooled-capital model to LMS.
- Hansa Investment Company: Small London-listed investment company that pursued a realisation and wind-down strategy, returning capital to shareholders — closely comparable to LMS's current Managed Realisation strategy and shareholder base dynamics.
Broad incumbents
- 3i Group plc: Major London-listed private equity firm; comparable in business model (listed PE vehicle) but significantly larger scale and focused on buyouts rather than LMS's late-life/real-asset niches.
- RIT Capital Partners: Established London-listed investment trust with diversified multi-asset exposure including significant PE/VC allocation; larger and broader incumbent serving a similar high-net-worth investor base.
- Caledonia Investments plc: London-listed investment trust with diversified PE, public equity and real asset holdings; broader incumbent in the UK listed investment company space with an internally managed model akin to LMS.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
LMS Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
LMS Capital leadership team
Management profileNumber of profiles
Profiles5 records
LMS Capital subsidiaries and ownership
Company hierarchySubsidiaries6 records
LMS Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
LMS Capital M&A and investment
M&A and investmentM&A1 record
Investments12 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about LMS Capital
What does LMS Capital do?
LMS Capital plc is a listed investment company that holds and manages a portfolio of private equity fund investments, energy assets (Dacian Petroleum), and retirement living assets (Castle View Retirement Village). The company invests in profitable and growing private companies and, following shareholder approval in May 2025, is executing a managed realisation strategy to orderly realise portfolio assets and return capital to shareholders through periodic distributions.
Is LMS Capital a public or private company?
LMS Capital is a public company. It is classified as public and is currently operating.
When was LMS Capital founded?
LMS Capital was founded in 2006. It employs 1 to 10 people.
Where is LMS Capital based?
LMS Capital is headquartered in London, United Kingdom, in the Europe region.
How does LMS Capital make money?
Three revenue lines are on record. Investment Returns are the primary driver. The others are capital Realisations and investment Management Fees.
Who are LMS Capital's main competitors?
Direct peers on record are Apax Global Alpha, Oakley Capital Investments, Hg Capital Trust, Princess Private Equity Holding, ICG Enterprise Trust, Pantheon International Plc and Hansa Investment Company. Broad incumbents are 3i Group plc, RIT Capital Partners and Caledonia Investments plc.
Does LMS Capital have an API?
No public API is recorded for LMS Capital.
What industry is LMS Capital in?
LMS Capital's product category is Closed-End Private Equity Investment. Its primary akta.pro industry code is FSANAAAC, Late-Stage Venture Capital (Series C+), with a secondary code of BPAJAMAJ, Real Estate Portfolio & Fund Management (Institutional/REIT/PE). Its NAICS code is 52394 and its SIC code is 6799.