TEVIOT PARTNERS LLP
Teviot Partners LLP is an Edinburgh-based investment management partnership managing the VT Teviot UK Smaller Companies Fund, a value-style OEIC investing in UK listed smaller companies, distributed via major UK platforms and Valu-Trac to UK-resident professional investors.
- Company typePrivate
- Founded2016
- HeadquartersEdinburgh, United Kingdom
- Headcount1–10
- GTM typeB2B
- OfferingServices
What TEVIOT PARTNERS LLP does
Teviot Partners LLP is an Edinburgh-headquartered investment management partnership formed in November 2016 and authorised by the UK Financial Conduct Authority (reference 766508). The firm manages a single core product — the VT Teviot UK Smaller Companies Fund, an FCA-authorised OEIC launched on 29 August 2017 at 100p with a concentrated value-investment style focused on UK listed smaller companies. The investment universe is framed by the Deutsche Numis Smaller Companies Index (excluding investment companies, including AIM), spanning approximately 600 companies up to circa £2.4bn market cap, with the fund targeting 75%+ active share in a concentrated portfolio.
The firm's investment process is built on proprietary origination of investment ideas and the use of independent industry data, deliberately positioned as a differentiator in a sub-segment where MiFID II has reduced broker research coverage and many institutions avoid companies below £250m for liquidity reasons. The two-partner team — Barney Randle (27 years focused on UK Smaller Companies, managing the fund since launch) and Dan Vaughan (ex-Head of UK Smaller Companies Team at Columbia Threadneedle, Partner since January 2022) — drives a discretionary, research-led approach. The fund's Accumulation share class reached 220.42p by July 2026, with external validation including the LSEG Lipper Fund Award (5-year, UK Small and Mid Cap, 2024) and Investment Week Fund Manager of the Year (UK Smaller Companies, 2022).
Revenue is generated through recurring management fees on assets under management. Distribution is intermediated through 11+ major UK investment platforms (Aegon, AJ Bell, AllFunds, Aviva, Fidelity, Hargreaves Lansdown, 7IM, Interactive Investor, Pershing, Quilter, Transact) and via direct access through Valu-Trac Limited, which acts as Authorised Corporate Director and administrator. The partnership structure features significant partner co-investment in the fund, aligning interests with investor outcomes, and the firm has signalled a deliberate intent to cap fund size to preserve liquidity-driven returns.
TEVIOT PARTNERS LLP firmographics
Firmographics- Name
- TEVIOT PARTNERS LLP
- Legal name
- Teviot Partners LLP
- Website
- https://teviotpartners.com
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Teviot Partners LLP is an Edinburgh-based investment management partnership managing the VT Teviot UK Smaller Companies Fund, a value-style OEIC investing in UK listed smaller companies, distributed via major UK platforms and Valu-Trac to UK-resident professional investors.
- Ownership category
- akta.pro rank
Where TEVIOT PARTNERS LLP is headquartered
LocationHeadquarters
- HQ city
- Edinburgh
- HQ country
- United Kingdom
- HQ region
- Europe
Offices3 records
Markets served
TEVIOT PARTNERS LLP business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Fund Management Fees: Teviot Partners acts as the investment manager to the VT Teviot UK Smaller Companies Fund, earning management fees on assets under management. The fund is an authorised OEIC regulated by the FCA.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Annual | VT Teviot UK Smaller Companies Fund GBP NET Accumulation |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels3 records
TEVIOT PARTNERS LLP product offering
Product offeringCore offering
Teviot Partners LLP is an FCA-authorised investment management partnership that acts as delegated investment manager to the VT Teviot UK Smaller Companies Fund, an authorised OEIC. The fund applies a value investing approach to identify UK listed smaller companies trading below intrinsic value, with a concentrated portfolio targeting 75%+ active share across the Deutsche Numis Smaller Companies Index universe (excluding Investment Companies, including AIM), covering companies up to approximately £2.4bn market cap.
Product overview
Teviot Partners LLP operates as an independent investment management partnership offering a single core product: the VT Teviot UK Smaller Companies Fund. This is an authorised OEIC fund regulated by the FCA, structured as an actively managed value investment vehicle focused on UK listed smaller companies. The fund is distributed directly through Valu-Trac (the fund administrator and ACD) and through multiple third-party investment platforms. The firm was formed in November 2016 and the fund launched in August 2017. Teviot's investment approach emphasizes uncovering value among small UK listed companies through rigorous, original analysis, with a focus on the Deutsche Numis Smaller Companies Index universe (excluding Investment Companies, including AIM), spanning companies up to approximately £2.4bn market cap.
Differentiator
Problem solved
Functional benefit
Brands
- VT Teviot UK Smaller Companies Fund: An actively managed fund investing in a portfolio of listed UK smaller companies with a Value Investment style.
Products and services
- VT Teviot UK Smaller Companies Fund An authorised OEIC fund, regulated by the FCA, that invests in a concentrated portfolio of listed UK smaller companies with a value investment style, seeking to identify companies trading below their intrinsic value. Distributed directly through Valu-Trac (the Authorised Corporate Director and Administrator) and via major UK investment platforms; targeted at professional investors resident in the UK. Launched 29 August 2017 at 100p.
Quantifiable outcome
- Fund grew from 100p launch price (29 August 2017) to 220.42p (Accumulation) and 180.36p (Income) as of July 2026
- +2 more outcomes
Companies that use TEVIOT PARTNERS LLP
Customer profileSegments3 records
Ideal customer profiles2 records
TEVIOT PARTNERS LLP technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
Feature3 records
TEVIOT PARTNERS LLP partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core and minor.
- Valu-Trac LimitedcoreValu-Trac is the Approved Corporate Director (ACD) and Administrator of the VT Teviot UK Smaller Companies Fund. They look after over 100 funds and have a team based in Speyside in Scotland. Valu-Trac handles dealing and administration of the fund. Teviot is delegated to act as investment manager.
- CTminorCT is a leading independent chartered accountancy practice with offices in Edinburgh, Glasgow, Inverness, and London. The team works with numbers to help people and organisations thrive.
Scale indicators6 records
Recent moves5 records
Expansion highlights2 records
TEVIOT PARTNERS LLP competitors and assessment
Company assessmentBroad incumbents
- Liontrust Asset Management (UK Smaller Companies): Listed UK asset manager with UK smaller companies strategies. Comparable as a competing UK smaller-companies product; relevant benchmark for performance and distribution on UK platforms.
- BlackRock (UK Smaller Companies strategies): World's largest asset manager with UK smaller companies strategies. Comparable as a competing UK smaller-companies product distributed via the same platforms, though operating at materially different scale and brand recognition.
- Schroders (UK Smaller Companies Fund): Major UK-listed asset manager with dedicated UK Smaller Companies strategies. Comparable as a competing UK smaller-companies product but operating at significantly larger scale within a broader global investment platform.
- JPMorgan Asset Management (UK Smaller Companies funds): Large global asset manager offering UK smaller companies strategies. Comparable as a competing UK smaller-companies product available on the same platforms, but distributed and resourced as part of a large multi-asset platform.
- abrdn (UK Smaller Companies funds): Global asset manager with UK Smaller Companies exposure. Comparable as a competing UK smaller-companies product available on UK platforms, but with a much broader global fund range and distribution machine.
Direct peers
- Marlborough Fund Managers: Specialist UK fund group with a flagship UK Smaller Companies fund. Comparable because it is a UK-focused, smaller-companies equity product with similar distribution via platforms and a value/growth-tilted portfolio approach.
- Montanaro Asset Management: Boutique specialist in UK and European small-cap equities. Closely comparable as a small, research-led boutique focused on smaller companies, with a similar institutional and platform distribution footprint.
- Octopus Investments (Octopus UK Smaller Companies fund): Manages a UK smaller companies strategy alongside a broader multi-asset platform. Comparable as a competing UK smaller-companies product available to professional and advised investors, though distributed via a much larger parent group's infrastructure.
- Amati Global Investors: Boutique UK smaller companies investment manager applying a value/tipping-point investment style. Highly comparable as a small, specialist Edinburgh/UK peer competing in the same Deutsche Numis Smaller Companies universe with a similarly concentrated, research-driven approach.
Emerging players
- Premier Miton (now part of Premier Miton Group): UK mid- and small-cap specialist asset manager with UK smaller companies strategies. Comparable as a UK-focused, smaller-companies product specialist, though the underlying firm is larger and more diversified than Teviot.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
TEVIOT PARTNERS LLP compliance and trust
Trust signalCompliance3 records
TEVIOT PARTNERS LLP financial estimates
Financial estimateRevenue estimate
Valuation estimate
TEVIOT PARTNERS LLP leadership team
Management profileNumber of profiles
Profiles2 records
TEVIOT PARTNERS LLP funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
TEVIOT PARTNERS LLP M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about TEVIOT PARTNERS LLP
What does TEVIOT PARTNERS LLP do?
Teviot Partners LLP is an FCA-authorised investment management partnership that acts as delegated investment manager to the VT Teviot UK Smaller Companies Fund, an authorised OEIC. The fund applies a value investing approach to identify UK listed smaller companies trading below intrinsic value, with a concentrated portfolio targeting 75%+ active share across the Deutsche Numis Smaller Companies Index universe (excluding Investment Companies, including AIM), covering companies up to approximately £2.4bn market cap.
Is TEVIOT PARTNERS LLP a public or private company?
TEVIOT PARTNERS LLP is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was TEVIOT PARTNERS LLP founded?
TEVIOT PARTNERS LLP was founded in 2016. It employs 1 to 10 people.
Where is TEVIOT PARTNERS LLP based?
TEVIOT PARTNERS LLP is headquartered in Edinburgh, United Kingdom, in the Europe region.
How does TEVIOT PARTNERS LLP make money?
One revenue line is on record: fund Management Fees.
Who are TEVIOT PARTNERS LLP's main competitors?
Broad incumbents on record are Liontrust Asset Management (UK Smaller Companies), BlackRock (UK Smaller Companies strategies), Schroders (UK Smaller Companies Fund), JPMorgan Asset Management (UK Smaller Companies funds) and abrdn (UK Smaller Companies funds). Direct peers are Marlborough Fund Managers, Montanaro Asset Management, Octopus Investments (Octopus UK Smaller Companies fund) and Amati Global Investors. Premier Miton (now part of Premier Miton Group) is listed as an emerging player.
Does TEVIOT PARTNERS LLP have an API?
No public API is recorded for TEVIOT PARTNERS LLP.