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EISA Award | The EIS Navigator Podcast

17: Private equity approach to quoted investments | Bevan Duncan and Ken Wotton of Gresham House

26 Jan 2021 / Podcast Tax Enhanced

By Dr Brian Moretta

While most VCT and EIS investors probably have some knowledge of quoted equity markets, listed investments using these schemes have very different characteristics from the mainstream. The Baronsmead VCTs invest in both unquoted and quoted companies and Bevan Duncan and Ken Wotton manage the respective portfolios there.

In this episode of The EIS Navigator, we go through the whole process, discussing the differences in how investments are sourced and focusing on how managers can work with companies once invested. We dig into what the real differences are and how these can affect outcomes. We also get Bevan and Ken’s views on how the steady reduction in listed companies and increase in capital in unquoted markets affects their world.

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Bevan Duncan is Managing Director, Strategic Equity. He joined Gresham House in November 2018, having been at Livingbridge since 2006. Bevan has overall responsibility for all portfolio management activities for the Baronsmead VCTs. He also directly manages portfolio investments and has been an active board member of several Baronsmead investee companies including MLS, Eque2, Key Travel and Pho. He qualified as a Chartered Accountant at KPMG in New Zealand, where he provided consultancy services to fast growing small businesses.

Ken Wotton is Managing Director, Public Equity, and leads the investment team managing public equity investments. He is lead manager for LF Gresham House UK Micro Cap Fund, LF Gresham House UK Multi Cap Income Fund, Strategic Equity Capital plc and manages AIM listed portfolios on behalf of the Baronsmead VCTs. Ken graduated from Brasenose College, Oxford, before qualifying as a Chartered Accountant with KPMG. He was an equity research analyst with Commerzbank and then Evolution Securities prior to spending the past 12 years as a Fund Manager at Livingbridge and now Gresham House specialising in smaller companies.

Baronsmead VCTs greshamhouse.com/strategic-equity/private-equity/baronsmead-vcts
Gresham House greshamhouse.com

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