The first iteration — UK commercial property
Established as a UK commercial property fund by four founding partners with Far East origins. The portfolio reached £18.5m by 2006 and was divested at the onset of the recession the following year, returning capital ahead of the cycle.
The decision to divest at the top of the cycle and redeploy into residential land defined the platform's subsequent character — disciplined sector selection, patient capital, and a willingness to step away when risk-reward deteriorates.