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Meet The Manager - Ian Barrass

Ian Barrass

Ian has twenty-five years of finance experience encompassing private equity investment and portfolio management, leveraged senior debt lending, corporate restructuring and small business ownership. He now manages Henderson Equity Partners' private equity fund of funds portfolios. He joined Henderson Equity Partners in 2005 having previously worked for Citigroup and Charterhouse Bank Limited. Ian has a BA (Hons) in Modern History from Oxford University.

Fund Manager's Commentary - December 2011

Whilst the performance of financial markets was mixed, 2011 was a year of significant progress for the Company’s realisation strategy. In March, the Company announced the transfer of its limited partnership commitment to August Equity Partners II A. This was followed by transfers of limited partnership commitments to Elderstreet Capital Partners in April and Rutland Fund II in June. In July, the Company announced the sale of its only direct investment holding in The Logic Group Holdings Limited. This was followed by the transfers of limited partnership interest to Lyceum Capital II A and Palatine Private Equity Fund LP, which both completed in August. During the course of the year, the Company also sold its listed holdings in Private Equity Investor plc and Graphite Enterprise Trust plc.

The combination of asset sale proceeds and distributions from the Company’s remaining limited partnership fund investments allowed the Company to cancel its bank facilities in full in October 2011. In December 2011, the Company made an initial cash return of £12.4 million back to shareholders.

The portfolio manager anticipates further sales activity during the first half of 2012 subject to satisfactory valuations being obtained.
 

 

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Issued in the UK by Henderson Global Investors. Henderson Global Investors is the name under which Henderson Global Investors Limited (reg. no. 906355), Henderson Fund Management Limited (reg. no. 2607112), Henderson Investment Funds Limited (reg. no. 2678531), Henderson Investment Management Limited (reg. no. 1795354), Henderson Alternative Investment Advisor Limited (reg. no. 962757), Henderson Equity Partners Limited (reg. no.2606646), (each incorporated and registered in England and Wales with registered office at 201 Bishopsgate, London EC2M 3AE), Gartmore Investment Limited (reg. no. 1508030), Gartmore Fund Managers Limited (reg. no. 1137353), (each incorporated and registered in England and Wales with registered office 201 Bishopsgate, London EC2M 3AE) are authorised and regulated by the Financial Services Authority to provide investment products and services. Telephone calls may be recorded and monitored.

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