Eighteen48 Partners is independent and wholly owned by its partners, clients and employees.
Our mission is to build lasting partnerships with our clients by managing their assets in true alignment with our own.
We are committed to investment excellence and recognise the importance of a genuinely long-term perspective.
Our sole focus is on investment excellence for our clients’ and our own capital. Our partners have substantial assets invested alongside those of our clients.
We have built a group of strategic partners (who are shareholders in the business) and senior advisors who give us the benefit of their specific asset class, industry, or geographic expertise.
The founding partners and CIO have a long and successful track record of working together at Stanhope Capital, a private investment office co-founded by Julien Sevaux in 2004. Our partnership culture promotes stability of key team members.
We are long-term and high conviction in approach. We invest globally across all asset classes, allocating capital to outstanding third-party funds and also making direct investments in both public and private securities.
Julien has over 25 years of investment experience in public and private markets on behalf of leading entrepreneurs and industrial families. He was previously a partner at Stanhope Capital which he co-founded in 2004.
Julien was formerly a principal in Lehman Brothers' Private Equity Group and a senior M&A banker at Lehman in New York and London. He was a Board member of Worms & Cie, the diversified banking and industrial family group.
Julien is a trustee of Somerset House and chairs the development board of the Voltaire Foundation at Oxford University.
He received his MBA from New York University’s Stern School of Business, his BA from Brown University and is an alumnus of Oxford University.
Tarek has over 25 years of experience in private equity / venture capital and asset management for families and institutions. He is a director of Rezayat Investments and co-founded early stage VC investor Initial Capital.
Tarek was a partner at Stanhope Capital, where he led Merchant Banking and relationships in the Middle East Region. He was formerly a Managing Director at Berggruen Holdings, a family office and private equity firm, and a director in the M&A group at Credit Suisse / DLJ in M&A, corporate finance and private equity New York and London.
Tarek is a member of the advisory board of the Freeman Spogli Institute for International Studies at Stanford University and the Buck Institute for Research on Aging.
He received his MBA from Harvard Business School and holds an AB Economics from Stanford University.
Edward has more than 15 years of experience in investment management. Prior to Eighteen48, he was Investment Director of a large single family office where he was responsible for asset allocation and investments across all asset classes.
He was previously a Senior Director in the investment team at Stanhope Capital. He led research into equity-related strategies in both public and private markets, and latterly designed and invested the firm’s first private equity funds programme.
Before his time at Stanhope Capital, Edward was an equity analyst at Vantage Group, a global equity hedge fund manager. He began his career in M&A at Lazard & Co in London.
He graduated with a double first in Classics from Oxford University.
Christine has over 20 years of Asia Pacific operational and investment experience. She has worked both as an investment professional and CFO for various private equity firms in Asia, most notably Crescent Point in Singapore, and continues to serve on several investee company boards there.
Christine was previously CFO to several Singapore based start-up health care businesses and has worked as an investment professional on the buy and sell-sides at Lloyd George Management and UBS Warburg respectively.
She holds a BA with Distinction (Cum Laude) from Princeton University and is a CFA® charterholder.
Claudio has more than 15 years of experience in hedge fund investing, with a focus on equity strategies across both hedge and long-only funds.
Claudio most recently spent six years at Pioneer Investments (part of a $1.7tr global asset management business) where he was head of equity strategies within their Alternative Investments group. He was a member of the investment committee and was closely involved in the construction and risk management of multi-strategy portfolios.
Prior to that Claudio spent nine years at Duemme Capital, a large fund of hedge funds, with a focus on equity and event-driven strategies.
He holds a BA (Hons) in Economics and Business Administration (with distinction) from the University of Brescia.
Claudio is a CAIA® and FRM® Charterholder.
Chandan has over 15 years of experience as a public equity investor, most recently as lead global equity portfolio manager at Rezayat Investments, a family investment company with a concentrated approach and long-term investment horizon.
Prior to Rezayat he was a Vice President at Capital Group, a $1.4 trillion asset manager, where he invested in growth stocks across sectors and market caps in Western Europe, India and Australia.
Chandan also worked with Morgan Stanley in Investment Banking, covering Financial Institutions.
He began his career at KPMG. He received his MBA from INSEAD and is also a Chartered Accountant.
Charles is a highly experienced investor in private equity funds, having spent much of the last 20 years investing in the asset class. He was latterly Head of Alternative Investments at the Kuwait Investment Office, focusing on private equity and credit fund investments across Europe.
Prior to that Charles was a Partner at Altius Associates, adviser to a number of leading institutional investors in private markets. He oversaw clients' European private equity portfolios and was a member of the firm's global investment committee.
Charles started his career in corporate finance at UBS and Robert Fleming.
He holds a BSc in Social Sciences from Durham University and an MSc in Finance from London Business School.
Oliver has over 20 years experience in private equity investing. He was latterly CIO of PMB Capital, focusing on co-investments.
Prior to that Oliver founded Moniol GmBH, an investment firm based in Switzerland that acts for HNWs and corporations as principal on private transactions. He was a partner at Duke Street in London, a mid-market private equity firm, and worked for Rhone Capital, a private equity firm based in New York. He started his career at Donaldson, Lufkin and Jenrette in the media and telecoms investment banking group.
Oliver has sat on various company Boards, including Xafinity and Independent Clinical Services.
He received his MBA from Harvard Business School and a BA in Economics from the University of Basel, Switzerland.
Sue has 30 years of experience in portfolio administration and front-to-back office portfolio management systems.
She was most recently a Senior Business Analyst working for Kleinwort Hambros, responsible for the migration of their legacy wealth management and banking systems onto a new platform.
Sue previously worked for portfolio management software companies, spending six years at Third Financial Software and five years at Wealth Management Software, in both cases providing full project management and implementation support for new clients.
She has worked on the buy-side at AIB Govett Asset Management, Leopold Joseph & Sons and the Charities Aid Foundation. Sue is a PRINCE2 ® Practitioner and holds the Investment Management Certificate (‘IMC’).
Alan has over 25 years of investing experience spanning multi-asset portfolio management, fixed income investing, and multi-strategy hedge fund management. He is CIO of Coutts & Co and was formerly a director of the $10 billion pension fund management company of Nestle.
At Coutts, which manages in excess of £15 Billion for its clients, Alan is responsible for the global investment strategy across all asset classes as well as constructing discretionary managed portfolios ranging from 100% fixed income to equity growth mandates.
Alan was previously at Morgan Stanley Wealth Management where he specialised in asset allocation, fixed income and alternative investments.
Prior to Morgan Stanley he had an institutional fixed income background, including managing money for Sovereign wealth funds and central banks.
He is a CFA® charterholder and holds a BSc in Mathematics from Bristol University.
James is the Founder, CEO and Portfolio Manager of Hitchwood Capital Management. Hitchwood's investment strategy involves making long and short investments primarily in global equities based on fundamental, bottom-up research and employs a differentiated and flexibly approach to hedging.
James has over 20 years of experience as a portfolio manager compounding capital and investing through various and extreme market cycles. He founded Hitchwood in 2014, after successfully co-founding and co-managing Scout Capital Management's equity long / short portfolio from 1999 - 2014.
He received his MBA from Harvard Business School and holds a BS in Engineering from the United States Military Academy at West Point, where he received the superintendent's Award, the Academy's highest distinction.
Lee LeBrun is Managing Director and Head of North America M&A at Rothschild & Co in New York. Significant advisory clients include Gillette, Heinz, Diageo, Eli Lilly, Microsoft, Vodafone and Adelphia. He has more than $300 billion in completed transactions over his 28 year career.
Prior to joining Rothschild, Lee was Co‐Head of US M&A at UBS, also serving on the Executive IB Committee and leading its Business Review Group and Fairness Committee. He previously worked at Credit Suisse Group, Donaldson, Lufkin & Jenrette and Merrill Lynch.
He graduated Magna Cum Laude from New York University in 1988 with a BA in Sociology and holds an MBA in Finance from the Wharton School at the University of Pennsylvania.
Since 1998, Charles and his business partner Manoj Badale have co-founded more than 30 businesses, largely technology-related, which are managed through their investment company Blenheim Chalcot. The Blenheim Chalcot portfolio consists of 20 companies in multiple sectors, with group sales in excess of £350m p.a. and more than 3,000 employees.
Charles is a national trustee of Onside Youthzones and chairs Onside in London. Charles is the chairman of Technology Trust, a social enterprise that helps more than 20,000 UK charities address the challenges of going digital. Charles also serves on the board of The Royal Foundation of The Duke & Duchess of Cambridge and The Duke & Duchess of Sussex.
He holds an MA in Philosophy & Psychology from Oxford University.
Nicolas has 30 years of experience in the Insurance and Asset Management industry.
He was formerly CEO of DWS Group, one of the largest asset managers in Europe with €692 billion of AUM, and a member of the Deutsche Bank Management Board. He led the listing of Deutsche Bank's asset management business on the Frankfurt Stock Exchange in March 2018.
Nicolas spent 25 years with the AXA Group, finishing his tenure as Chairman and CEO of AXA France. He began his career with Arthur Anderson.
Nicolas is a graduate of the Ecole Polytechnique and holds an actuarial degree from the Centre d'Etudes Actuarielles. He was awarded La Légion d’Honneur in 2015.
Richard has 40 years of private equity experience with sophisticated families and institutions.
He has been a director and Investment Committee member of three large principle investing businesses including two family offices (Heerema's Frontera SA, and Bertarelli's Waypoint SA) and one private equity firm (Monitor Clipper Partners). He is currently an Advisory Director of venture builder Blenheim Chalcot, Director of ScaleSpace LLP, and Senior Advisor and Investment Committee member of the Larry Ellison Foundation. He has been a director of various public and private industrial companies including Moplefan (Italy), RobertsonCeco (NYSE), Petitjean (Second Marche, Paris), Sollers (Moscow SE), Liquiglide (USA), Esaote (Italy), Affidea (Holland), Northill Asset Management (UK).
He was a partner at Monitor Group Chairman of Reach to Teach, and Treasurer of the Start Network for Humanitarian Aid. He was also an advisory board member of the Legatum Center for Development &Entrepreneurship at MIT.
He holds a PhD in Regional Economic Development from Cornell University, First Class Honours in Agricultural Economics from Reading University and worked at the United Nations Centre for Regional Development, Nagoya, Japan.
Randy co-founded and ran Lone Star’s Japan office for 11 years, overseeing all aspects of the fund’s strategy and management until 2009. Investments during this period totalled $13 billion in distressed debt, real estate of all types, a regional bank, several finance companies, over 100 golf courses and a hotel business.
Most recently, Randy has been managing partner at Kitano Capital, a private investment management business he co-founded, focusing primarily on early stage opportunities. He also serves on the board of Nara Logics, an artificial intelligence company based in Boston.
He received his MBA in Finance and BA in International Economics from the University of California, Los Angeles.
Guillaume has over 20 years of experience in private equity investing. He was a partner at Advent International where he spent 18 years investing in growth and buyout opportunities in Europe and internationally.
Guillaume is a member of the investment committee of the Edmond de Rothschild Equity Strategies Private Equity Co-investment Fund and advises a number of growth stage businesses on strategic and operational initiatives.
Prior to his time at Advent, Guillaume worked for the LVMH Group in Asia. He began his career at the private equity arm of Credit National in France.
He received his MBA at HEC Paris and holds a Master’s Degree in Entrepreneurship from the UBC Sauder School of Business.
Hunter is a Partner at Greenspring Associates, the leading specialist institutional investor in venture capital funds and co-investments with over $8.5 billion under management in the space. He is responsible for sourcing and due diligence efforts on fund, direct and secondary opportunities.
Hunter serves on the LP Advisory Boards for funds managed by 14 venture managers, including Icon Ventures, Foundry Group and Scale Venture Partners.
He received his MBA at the Robert H. Smith School of Business with a concentration in Finance and Strategy, and holds a BA from the University of Pennsylvania in International Relations and History.
John spent over two decades leading Advent International, one of the most successful global private equity buyout firms. He was joint Managing Partner, a member of the Global Executive Committee, and Chairman of their European operations. He remained a Special Partner until 2015.
Prior to Advent, John was Managing Director of Granville Europe, where he founded and managed one of the first pan-European private equity funds. He was Chairman of the European Venture Capital Association (EVCA) and chaired their annual symposia for several years. He currently serves as a Director of Pantheon International plc, the longest-established private equity fund-of-funds on the LSE.
John is involved with several organisations within the arts and education sectors, including as a Trustee of the National Gallery in London, a Director of the city of London Sinfonia, and as an Honorary Fellow (and on the Development Committee) of Trinity College, Oxford.
He received his MBA from INSEAD in Paris and holds an MA in Philosophy, Politics and Economics from Oxford University.
Lionel is Chairman and CEO of CDIB Capital International, a leading pan- Asian private equity firm which he co-founded in 2006. He is also CEO of CDIB Capital Group, which has invested in and provided services to companies in Taiwan and internationally across all sectors since it was founded more than 50 years ago.
Prior to CDIB Capital, Lionel was a senior banker in the investment banking division of Lehman Brothers, based in New York and London. Prior to Lehman Brothers, Lionel was a member of the global M&A practice of Booz-Allen & Hamilton in Europe.
He received his MBA with Distinction from the University of Pennsylvania's Wharton School of Business and holds a BS in Finance & Entrepreneurship from France's HEC School of Management.
John spent over two decades leading Advent International, one of the most successful global private equity buyout firms. He was joint Managing Partner, a member of the Global Executive Committee, and Chairman of their European operations. He remained a Special Partner until 2015.
Prior to Advent, John was Managing Director of Granville Europe, where he founded and managed one of the first pan-European private equity funds. He was Chairman of the European Venture Capital Association (EVCA) and chaired their annual symposia for several years. He currently serves as a Director of Pantheon International plc, the longest-established private equity fund-of-funds on the LSE.
John is involved with several organisations within the arts and education sectors, including as a Trustee of the National Gallery in London, a Director of the city of London Sinfonia, and as an Honorary Fellow (and on the Development Committee) of Trinity College, Oxford.
He received his MBA from INSEAD in Paris and holds an MA in Philosophy, Politics and Economics from Oxford University.
Lionel is Chairman and CEO of CDIB Capital International, a leading pan- Asian private equity firm which he co-founded in 2006. He is also CEO of CDIB Capital Group, which has invested in and provided services to companies in Taiwan and internationally across all sectors since it was founded more than 50 years ago.
Prior to CDIB Capital, Lionel was a senior banker in the investment banking division of Lehman Brothers, based in New York and London. Prior to Lehman Brothers, Lionel was a member of the global M&A practice of Booz-Allen & Hamilton in Europe.
He received his MBA with Distinction from the University of Pennsylvania's Wharton School of Business and holds a BS in Finance & Entrepreneurship from France's HEC School of Management.
Edward has more than 15 years of experience in investment management. Prior to Eighteen48, he was Investment Director of a large single family office where he was responsible for for asset allocation and investments across all the asset classes.
He was previously a Senior Director in the investment team at Stanhope Capital. He led research into equity-related strategies in both public and private markets, and latterly designed and invested the firm's first private equity funds programme.
Before his time at Stanhope Capital, Edward was an equity analyst at Vantage Group, a global equity hedge fund manager. He began his career in M&A at Lazard & Co in London.
He graduated with a double first in Classics from Oxford University.
Julien has over 25 years of investment experience in public and private markets on behalf of leading entrepreneurs and industrial families. He was previously a partner at Stanhope Capital which he co-founded in 2004.
Julien was formerly a principal in Lehman Brothers Private Equity Group and a senior M&A banker at Lehman in New York and London. He was a board member of Worms & Cie, the diversified banking and industrial family group.
Julien is a trustee of Somerset House and chairs the development board of the Voltaire Foundation at Oxford University.
He received his MBA from New York University's Stern School of Business, his BA from Brown University and is an Alumnus of Oxford University.
Tarek has over 25 years of experience in private equity / venture capital management for families and institutions. He is a director of Rezayat Investments and co- founded early stage VC investor Initial Capital.
Tarek was a partner at Stanhope Capital, where he led Merchant Banking and relationships in the Middle East Region. He was formerly a Managing Director at Berggruen Holdings, a family and private equity firm, and a Director at Credit Suisse / DLJ in M&A, corporate finance and private equity in New York and London.
Tarek is a member of the advisory board of the Freeman Spogli Institute for International Studies at Stanford University.
He received his MBA from Harvard Business School and holds an AB Economics from Stanford University.
For all clients seeking a discretionary and yet fully engaged wealth management solution.
– Strategic asset allocation
– Direct listed equity selection
– ‘Best-of-breed’ fund manager selection
– Tactical asset allocation / rebalancing
For investors seeking to access the ‘illiquidity premium’ from private investments to be held for the long term.
– Access to private equity, private credit and real estate funds
– Co-investments with private fund managers
– Direct investments sourced through our broad network
For charities, endowments or family offices seeking greater involvement in the management of their investment assets.
– Advice on asset allocation
– Oversight of external managers
– Fund or direct investment recommendations
– Sit on / advise Investment Committee
For investors looking to consider environmental and social impact alongside generating a financial return.
– Selection of funds which meet agreed criteria
– Screening of equity holdings to ensure compliance
– Actively seeking direct investments which look to bring about positive change
Wealth compounds over the long term. It is better to hold investments that can deliver ‘good’ returns over the long term, than short-term investments with potentially ‘excellent’ returns.
Over-diversification in typical portfolios stifles the potential to outperform. We offer a core of high quality direct equities alongside high conviction, specialist active fund managers where we believe they can add value.
We focus on owning high quality assets. ‘Value’ or ‘growth’ stories can perform well in the short / medium term, but high quality businesses have the potential to compound returns above market benchmarks over the long term.
While the average active fund manager generally disappoints, we believe it is possible (if not easy) to select the subset which is most likely to be able to outperform. Past performance is only one factor in this process.
‘The only free lunch in finance’. Exposure to multiple asset classes with different return drivers can increase returns, reduce the volatility of those returns, and provide protection in challenging markets.
Our asset allocation decisions are driven by the fundamental opportunity set available (‘Tactical’) rather than by short-term predictions of interest rates, fund flows, or other macro or technical factors (‘Market Timing’).
The costs of active management are significant over the long term. It is important to know that you are paying fees that are reasonable for the strategy, to managers who are genuinely ‘active’ rather than ‘index huggers’.
Significant partner capital invested alongside clients
Partnership model for key employees
Client partners represented on our board
Senior team with long history of working together
Advisors and external IC are experienced investors
Leverage insights of sophisticated client base
Focus on generating excellent long-term outcomes
Primary search from direct security selection
Fundamental insights from external manager
Private as well as public market inputs
Benefit from compounding effect over time
Reduces Pressures to make short term ‘bets’
Able to do the right thing, not the expedient thing
We welcome you to contact us for more information
about any of our products or services.
info@eighteen48.com
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Montpelier House
106 Brompton Road
London SW3 1JJ
