May 2026
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Largest Asset Management Public Companies in the UK
Benchmark revenue and EBITDA valuation multiples for public comps like
3i Group, Scottish Mortgage IT, Legal & General, Schroders and Polar Capital Technology Trust.
 | 3i Group PLC is a closed-ended investment fund. It is an international investor engaged in private equity, infrastructure, and debt management. Its business segments are Private Equity, Infrastructure, and Scandlines. The private equity segment invests in business services, consumer, healthcare, and industrial sectors. Its infrastructure segment invests in utilities, transportation, and social infrastructure. | PE & VC+1 | $29 | -47% | $30B | $31B | 4.2x | 4.9x | |
| Scottish Mortgage Investment Trust PLC is an investment trust company. The company's objective is to maximize total return from a portfolio of long-term investments chosen on a global basis enabling the company to provide capital and dividend growth. It focuses on investment in quoted securities irrespective of any geographical, industry, and sector exposure. The portfolio also invests in fixed-income securities, convertible securities, funds, unquoted entities, and other assets. | $21 | +49% | $23B | $25B | 6.0x | - | ||
| Legal & General Group PLC operates across four broad business areas of retirement, investment management, capital investment, and Retail. The retirement business provides guaranteed retirement income for corporate pension scheme members. The Investment Management business provides investment management services for both individuals and corporations, including managing pension funds. Capital investment uses customers' pension assets, as well as the group's shareholder capital, to make long-term investments in assets such as clean energy, housing, and SME finance. The Retail business provides of UK retail retirement and protection solutions and United States brokerage term life insurance. The majority of its assets under management are derived from the United Kingdom and Europe. | $4 | +5% | $20B | $3B | 0.1x | - | ||
| Schroders is an independent, UK-based, active asset manager founded in 1804. The majority of Schroders' client assets are from institutions, but its retail operations are more profitable. Schroders has also increasingly expanded its wealth management presence. The UK accounts for just under half of Schroders' assets under management, while EMEA for 15%, Asia for 25% and the Americas accounts for 12%. In 2013 Schroders purchased the Cazenove private clients business from JP Morgan, expanding its wealth management business. It recently formed a joint venture with Lloyds Bank, Schroders Personal Wealth, to provide independent financial advice to midmarket clients. | $8 | +63% | $12B | $3B | 0.7x | 2.5x | ||
| Polar Capital Technology Trust PLC is a UK-based investment trust company. The company has an investment objective to achieve long-term capital growth by investing in a diversified portfolio of technology companies world-wide. Geographically, the company generates investment income from North America, Europe, and the Asia Pacific region. It invests in sectors such as Software, Interactive Media and Services, Semiconductors and Semiconductor Equipment, Technology Hardware, Storage and Peripherals, Internet and Direct Marketing Retail, IT Services, Entertainment, and others. | $10 | +99% | $11B | $11B | 65.8x | - | ||
| M&G PLC is a United Kingdom-based company engaged in the savings and investments business. It serves retail customers, who want to build and protect their life savings, and provides investment solutions. The company's reportable segment are Asset Management segment offers investment management to both wholesale and institutional clients. The Life segment operates in the savings and pensions market and includes corporate risk and individual and international solutions. and The Corporate Centre segment includes central corporate costs and debt costs. | $4 | +23% | $10B | $13B | 0.4x | - | ||
| Pershing Square Holdings Ltd is a closed-ended investment scheme. The company's investment objective is to preserve capital and to seek maximum, long-term capital appreciation commensurate with reasonable risk. It seeks to achieve its investment objective through long and occasionally short positions in equity or debt securities of public U.S. and non-U.S. issuers, derivative instruments, and other financial instruments. | $54 | +3% | $9B | $13B | 5.1x | - | ||
| F&C Investment Trust PLC is an investment company. Its objective is to achieve long-term growth in capital and income for its shareholders through a policy of investing in an internationally diversified portfolio of publicly listed equities, as well as unlisted securities and private equity, combined with the use of gearing. Its investment holdings mainly comprise equity securities of listed companies like Amazon, Nvidia, Microsoft, Apple, and others. | $5 | -69% | $9B | $9B | 10.2x | - | ||
| St James's Place PLC provides investment and wealth management services to individuals, trustees, and businesses. The company operates in a single-segment wealth management business, which is a vertically integrated business providing support to its clients through the provision of financial advice and assistance through its Partner network, and financial solutions including (but not limited to) wealth management products manufactured in the Group, such as insurance bonds, pensions, unit trust, and ISA investments, and a Discretionary Fund Management (DFM) service. | $16 | +1% | $8B | $8B | 0.2x | 12.8x | ||
| ICG Plc is an asset management firm that divides its business model into two segments: a fund management company and an investment company. The fund management company is the operating business of the group that sources and manages investments in the European, Asia-Pacific, and North American markets. It allocates capital to corporate investments, capital market investments, real assets, and private equity secondary market transactions. The investment company co-invests alongside third parties in new or existing funds. Its plan emphasizes a growth-oriented, activist, and long-term approach to investing. It generates revenue through interest income and, secondarily, through management fees. | $25 | -4% | $7B | $16B | 12.3x | - | ||
| Alliance Witan PLC is an investment management company. The company helps investors to Seek opportunities for returns by managing risk. The company aims to be an equity holding for investors that delivers a real return over the long term through a combination of capital growth and a rising dividend. The Company invests in world-wide equities across a wide range of different sectors and industries to achieve its objective. | $18 | +9% | $7B | $7B | 22.1x | - | ||
| Aberdeen Group PLC provides a variety of investment services. It operates in the following segments: Adviser, Investments, and Other. The investments segment involves a asset management business that provides investment solutions for Institutional, Wholesale, and Insurance Partners clients. The Adviser business provides platform services to wealth managers and advisers along with the Group’s Managed Portfolio Service (MPS) business. The majority of the company's income comes from the United Kingdom. | $3 | +31% | $6B | $7B | 2.8x | 15.9x | ||
| Investec PLC is part of a dual-listed specialized financial services firm that is the controlling company for the group's non-Southern African businesses. The group reports its operating results and formulates its client plan of action in a consolidated manner. Investor PLC represents just under half of the group's operating profits. The group's operating segments includes Wealth and Investment, Private Banking, Corporate, Investment Banking and Other, and Group Investment. Company operates in UK and Southern Africa. | $6 | +10% | $5B | $3B | 1.0x | - | ||
| 3i Infrastructure PLC is a closed-ended UK investment trust that invests in infrastructure, delivering long-term sustainable returns to shareholders and having a positive influence on its portfolio companies and stakeholders. | PE & VC+1 | $5 | +8% | $5B | $5B | 13.1x | - | |
| Man Group PLC is an investment management firm. It provides a diverse range of alternative and traditional quantitative investment strategies to a predominantly institutional client base. It invests across a diverse range of strategies and asset classes, with a mix of long-only and alternative strategies run on a discretionary and quantitative basis, across liquid and private markets. The company earns the majority of its revenue in the form of Management fee which is charged as a percentage of assets under management or net asset value, and Performance fee which is charged as a percentage of investment performance above a benchmark return. | $4 | +68% | $4B | $4B | 3.1x | 9.0x | ||
| RIT Capital Partners PLC is a United Kingdom-based investment trust. The investment objective of the company is to facilitate long-term capital growth by obtaining a capital value that exceeds the relevant indices over time. The company invests in a diversified, international portfolio across quoted and unquoted asset classes, provided every investment has something different to offer. The operating segments of the company include RIT generating maximum revenue, JRCM, and SHL. Geographically, it has a presence in Asia, the United States, Europe, Japan, and other countries. | $31 | +20% | $4B | $5B | 6.9x | - | ||
| Quilter PLC is a United Kingdom-based Asset Management Company engaged in the wealth management business, providing financial advice, investment solutions, and wealth management to customers in the UK and selected international markets. The group operating segments are High Net Worth, Affluent, and Head Office. The High Net Worth segment comprises Quilter Cheviot and Quilter Cheviot Financial Planning. The Affluent segment comprises Quilter Investment Platform, Quilter Investors, and Quilter Financial Planning. The company derives maximum revenue from the Affluent segment. | $3 | -- | $4B | ($98B) | (7.8x) | (195.2x) | ||
| Shaftesbury Capital PLC is a property management company that operates a portfolio of real estate assets. With a diverse mix of shops, restaurants, cafes, bars, offices, and residential homes, destinations include the high footfall, and thriving neighborhoods of Covent Garden, Carnaby, Soho, and Chinatown, together with holdings in Fitzrovia. Geographically, all properties are in London. | $2 | -- | $3B | $4B | 13.8x | 7.3x | ||
| Bridgepoint Group PLC is an international alternative asset fund management group, providing private equity and private debt lending solutions to the middle market. The reporting segments of the company are Private Equity, Credit, Infrastructure and Central out of which, the company derives maximum revenue from Private equity. | $4 | -13% | $3B | $3B | 4.3x | 8.3x | ||
| Greencoat UK Wind PLC is a renewable infrastructure fund, solely and fully invested in operating UK wind farms. The company aims to provide investors with an annual dividend that increases in line with RPI inflation. It also tries to preserve the capital value of its investment portfolio in the long-term on a real basis through reinvestment of excess cash flow and the prudent use of portfolio leverage. The company invests in both onshore and offshore wind farms. All of the group's income is generated within the UK. | $1 | -13% | $3B | $5B | (86.8x) | - | ||
| HgCapital Trust PLC is an investment trust with the objective of long-term capital appreciation by investing in unquoted companies. It provides investors with a diversified portfolio of private equity investments. It offers investors a liquid investment vehicle to gain exposure to Hg’s diversified network of unquoted investments with minimal administrative burdens. Geographically, the majority is derived from the United Kingdom. It also has a presence in North America, Scandinavia, Germany & other Europe. | PE & VC+1 | $5 | -27% | $2B | $2B | 15.8x | - | |
| Ashmore Group PLC is a value-oriented asset management firm that focuses its investments on emerging markets. It offers a diverse range of both traditional and alternative investment strategies to its client base globally, including both institutional and retail investors. The company invests in sovereign debt instruments, currencies, corporate debt, equities, derivatives, private equity, real estate, distressed debt, and other special situations. The firm reports on changes in assets under management as the majority of its revenue is derived from management fees. The company also benefits from performance fees on its investments. Geographically, the group derives maximum revenue from the United Kingdom and Ireland, followed by the Americas, and Asia and the Middle East. | $3 | +33% | $2B | $874M | 4.5x | 5.8x | ||
| IntegraFin Holdings PLC is a United Kingdom-based holding company providing platform services to clients and financial advisers. Its segments include Investment administration services performed by IFAL, the provider of the Transact wrap service, offering general investment accounts (GIA), acting as a SIPP operator and ISA manager, and serving as custodian for platform assets, which generates the majority of revenue. The Insurance and life assurance business comprises ILUK and ILInt, which provide pension and bond products on the Transact platform, and Adviser back-office technology includes T4A, which provides financial planning technology through the CURO adviser support system. The company derives the majority of its revenue from the United Kingdom. | $5 | +4% | $2B | $1B | 6.1x | 8.8x | ||
| Molten Ventures PLC is a venture capital investment company. The company invests in disruptive, high growth technology companies across Europe. | PE & VC+1 | $8 | +86% | $1B | $1B | 14.3x | 18.9x | |
| Oakley Capital Investments Ltd is a closed-end investment company registered in Bermuda. Its primary investment objective is to achieve capital appreciation through investments in a diversified portfolio of private mid-market UK and European businesses. Its operating segment includes Fund investments and Direct investments. Key revenue is generated from Fund investment. | PE & VC+1 | $7 | +1% | $1B | $1B | 16.1x | - | |
| Polar Capital Holdings PLC is a specialist investment management company. It offers professional and institutional investors a range of geographical and sector funds. The company has long-only and absolute return funds in its product range. The company offers fundamental funds that are diversified by asset class, geography, sector, and structure. The company has one operating segment, which is investment management. It operates in the United Kingdom, Ireland, Cayman Islands, Rest of Europe, United States of America, and Rest of the world. The group's revenue-generating operations are in London and Zurich. | $12 | +83% | $1B | $865M | 2.8x | 9.1x | ||
| IP Group PLC is an early-stage science investor supporting businesses in deeptech, life sciences, and cleantech. It helps develop intellectual property-based companies through partnerships with research universities. The group provides its portfolio companies with financial capital from outside sources or its resources. IP Group also provides companies with guidance and mentorship. The group operates in the following segments: Venture Capital investing in Healthier Future thematic area, Venture Capital investing in Tech-enriched Future thematic area, Venture Capital investing in Regenerative Future thematic area, Venture Capital investing in others, and the management of third-party funds and the provision of corporate finance advice. | $1 | +35% | $828M | $989M | 8.1x | 12.0x | ||
| Syncona Ltd is a closed-ended investment company in the United Kingdom. Its investment objective is to achieve superior long-term capital appreciation from its investments. The company invests in life science businesses (including private and quoted companies) and single or multi-asset projects (Life Science Investments). | PE & VC+1 | $1 | +10% | $827M | $827M | 9.3x | 4.2x | |
| NB Private Equity Partners Ltd is a closed-ended investment company. It principal activity of the group is to invest in direct private equity investments by co-investing alongside private equity sponsors in their core areas of expertise. It also invests in income-oriented investments, the debt of private equity-backed companies. Investments are made across various sectors such as financial services, consumer discretionary, and industrial sectors. Its portfolio is invested in North America, Europe, Asia, and the Rest of the World. | $20 | +4% | $824M | $914M | 20.0x | - | ||
| Octopus Apollo VCT PLC is a venture capital trust company based in the United Kingdom. The company aims to provide shareholders with attractive tax-free dividends and long-term capital growth by investing in a diverse portfolio of predominantly unquoted companies. The company's portfolio of investments comprises of various unquoted investment instruments, including ordinary and preference shares, loan stocks and convertible securities, to achieve an appropriate balance of income and capital growth. It holds a diversified portfolio by investing in a broad range of industry sectors. | $1 | -- | $730M | $730M | 32.8x | - | ||
| RTW Biotech Opportunities Ltd is an investment fund focused on identifying transformative assets with growth potential across the life sciences sector. Its approach is driven by applying deep scientific expertise with a long-term investment horizon. Geographically, it operates in U.S. &Canada, UK & EU, and Rest of the world. | $2 | +81% | $709M | $709M | 2.8x | - | ||
| Foresight Group Holdings Ltd is an asset management company. The company is an independent infrastructure and private equity investment manager. It invests in renewable energy businesses and social infrastructure projects. | $6 | -- | $663M | $631M | 3.0x | 7.4x | ||
| Chrysalis Investments Ltd is a closed-ended investment company. It focuses on equity and equity-related investments in companies with growth potential across the United Kingdom and Europe. The investment objective of the company is to generate long term capital growth through investing in a portfolio consisting of equity or equity-related investments in unquoted companies. It is engaged in a single segment of business with the primary objective of investing in securities to generate capital growth for shareholders. | $1 | -27% | $508M | $604M | 3.6x | - | ||
| International Biotechnology Trust PLC is an investment trust company. It aims at achieving long-term capital growth by investing in biotechnology and other life sciences companies. It seeks to achieve its objective by investing in a diversified portfolio of companies which has good growth prospects. It focuses on investments in biotechnology companies which are engaged in on drug discovery and development, medical devices companies and healthcare services provider. The invests in various financial instruments such as equities, index-linked securities, debt securities, cash deposits, money market instruments ,and foreign currency exchange transactions. Its revenue comprises of dividend, interest and other income from investment made. | PE & VC+1 | $13 | +68% | $420M | $463M | (1965.0x) | - | |
| Pembroke VCT PLC is engaged in the financial service sector as an investment firm. It follows investing in a diversified portfolio of small, principally unquoted companies. The company is a generalist venture capital trust focused on private equity-style investments in the leisure and luxury brands sectors. It also invests in the health and fitness, apparel and accessories, media, and hospitality sectors. The company operates majorily in the UK and gained profits from their. | PE & VC+1 | $1 | 0% | $362M | $362M | 146.3x | - | |
| City of London Investment Group PLC is a United Kingdom-based asset management company. The company through its subsidiaries offers products of emerging markets and closed-end funds. Its principal operating subsidiary acts as an investment adviser for the company. It has operations in the United States, Canada, the United Kingdom, and Europe. | $6 | +26% | $288M | $261M | 3.6x | 7.9x | ||
| Augmentum Fintech PLC is a closed-ended investment company, which invests in companies located in the UK. The company's investment objective is to generate capital growth over the long term through investment in a portfolio of fast-growing and/or high-potential private financial services technology businesses. It invests in early-stage high-growth fintech businesses in the banking, insurance and asset management sectors. | PE & VC+1 | $2 | +11% | $251M | $252M | - | - | |
| Literacy Capital PLC is a closed-end investment company focused on investing in and supporting UK businesses and helping their management teams achieve long-term success. | PE & VC+1 | $4 | -30% | $247M | $281M | 63.8x | - | |
| TMT Investments PLC is an investment company. The company is focusing on making investments in the technology, media, and telecommunications sector, which has a potential for growth and the creation of shareholder value. Geographically, it invests in the areas of the USA, Canada, Estonia, the United Kingdom, and the Cayman Islands. The company's objective is to generate an attractive rate of return for shareholders, predominantly through capital appreciation, by taking advantage of opportunities to invest in the TMT sector. | PE & VC+1 | $2 | -4% | $75M | $75M | 4.2x | - | |
| Ground Rents Income Fund PLC is a closed-ended real estate investment trust (‘REIT’). It invests in long-term ground rents from residential leasehold properties. The company's portfolio consists of freeholds and head leaseholds that generate steady ground rent income. The company's objective is to balance periodic repayment of bank debt with returning cash to shareholders, while optimizing the value of its investments. It is engaged in a single segment of business, being the collection of ground rent from its investment properties. Geographically, the company derives revenue within the UK. | $0 | -- | $23M | $34M | (19.0x) | - | ||
| River Global PLC is principally involved in the provision of asset and wealth management services. | $0 | -- | $10M | $3M | 0.2x | (0.2x) | ||
| Median | $5 | +9% | $2B | $1B | 4.4x | 7.9x |
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