Leading Alternative Investment Manager

We are an independent investment manager investing across multiple sectors.

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Established 1986

Downing has over £1 billion of assets invested into businesses that make a difference, leading the way as an institutional asset manager.

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In-house expertise

Over 80 investment professionals supported by a dedicated asset management and portfolio reporting function including legal, accounting, finance, data analysis, engineering and construction specialists.

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Commitment to ESG 

We have made 116 clean energy investments and  supported over 500 SMEs through our investments.

Capital is at risk and returns are not guaranteed. Investments are long term and higher risk compared to investments solely in larger, more established companies. Please read full details of the risks here.

Our areas of expertise

  • Energy and infrastructure

    Over the last decade, Downing has sustainably invested across a wide range of renewable energy and infrastructure sectors in the UK and overseas. We have completed over 140 transactions, delivering 55 exits to our investors so far (as at October 2020). This is helping both national and global efforts to reduce the consumption of fossils fuels, one of the main factors of climate change. 

    We look for projects with stable, predictable, long-term cashflows that are often wholly or partly linked to inflation. We make green energy investments in the long term, both to generate sustainable returns for our investors and to secure a safer, cleaner future. 

    We have 27 investment professionals dedicated to energy and infrastructure investments. In 2019, we established our own in-house asset management team in order to offer full service management of each asset from development through to operation, using data analysis and on the ground expertise. The asset management team work with the investment team to manage over 80 assets that generate over 193,640,520 kWh of energy. That's enough to power over 46,000 homes!

    See more here.

  • Healthcare

    The Downing Healthcare team was delighted to be chosen as the 'Private Equity Investor of the Year 2020' at the recent Health Investors Awards, following our selection as a Finalist in the same category in 2019.

    We have been working in the healthcare sector since 1997 and our focused investment team has a wide range of expertise combining private equity, leverage and property experience to ensure all aspects of the value creation story are properly considered. 

    We work with growing UK healthcare companies where the freehold property sits within the business that we're supporting and our focus is on, but not limited to, the following sub-sectors:

    • Investing in elderly residential care homes;
    • Investing in specialist care - residential and supported living; and
    • Investing in education - special educational needs, disability (SEND) schools and children's day nurseries.

    The investments we make support continued growth and development - helping operators with their site-by-site expansion plans via new build development or acquisition where there is scope for operational improvement, extension, market re-positioning and/or diversification of services. Our preference is to invest between £2 million - £30 million per site but total capital commitments behind a business can be significantly in excess of this range.

    Downing also provides investment into other healthcare-related businesses including drug discovery, health tech and other medical services – for more information, please visit Downing Ventures.

    See more here.

  • Leisure & hospitality

    Downing has partnered with leading management teams with a range of targeted strategies to help them build and develop their portfolios across the UK. 

    We have a wealth of experience and network of contacts across the hospitality and leisure sector and manage over £185 million of assets. We are also proud that our investments have provided a source of employment and helped serve their local communities.

    We have provided investment to establish or grow hospitality and leisure platforms in licenced leisure (pubs), hotels, day visitor attractions and wedding venues.

    We support experienced management teams and businesses with strong asset-backing or long-term predictable revenue streams. We would expect a meaningful equity contribution from management on every deal. 

    See more here.

  • Property finance

    We have been providing property development finance to UK asset backed and property development projects since 2010. In 2017, we established a dedicated team for residential development finance – a sector which we believe is underpinned by attractive market drivers including:

    • A structural undersupply of housing in the UK
    • SME developers remaining underserved by mainstream funders
    • A continuously evolving funding landscape creating opportunities for alternative lenders

    Over the last three years the team have committed over £130 million of funding across more than 50 schemes nationwide. We focus on supporting experienced developers delivering schemes which provide mass market housing and where the debt requirement is £1 million-10 million, with the ability to go higher (£25 million+) (as at October 2020). Funding is provided on a senior debt basis, providing what we believe to be attractive risk adjusted returns to our investors.

    See more here.

  • Downing Fund Managers

    Downing Fund Managers is a boutique of established investment professionals and managers offering specialist single strategy portfolios that they believe have the potential to offer attractive long-term returns.

    The investment team provide a private equity approach to stock picking under five specialist funds overseen by award-winning fund managers, Judith MacKenzie and Rosemary Banyard.

    Judith was named Small Cap Fund Manager of the Year and Small Cap Awards 2013 and 2015 for the Downing UK Micro-Cap Growth Fund.

    Rosemary won Investment Week – Best UK Growth Trust 2013 & 2014 and Outstanding Industry Contribution Award 2015.

    See more here.

  • Ventures

    Downing Ventures is a venture capitalist team investing in innovative technology companies and pioneering founders across the globe with early to growth stage funding. Investing in Deep Tech, Enterprise and Healthcare sectors, the 14 strong VC team focuses on multi-stage, fast growing, scalable businesses with potential to generate significant returns, seeking to invest £1 million - £5 million at entry in each company and have significant capital to follow on in future rounds.

    There are currently over 70 companies in the Downing Ventures portfolio with over £150 million under management by the Downing Ventures team (as at October 2020).

    The team is able to service the requirements of their international portfolio with a vision that goes beyond just financial expertise and offers value-add wherever and whenever they can. This might involve introductions to a new network, assistance with recruitment or communications support to help amplify their stories.

    See more here

Contact us

If you are an institutional investor or adviser please email Tom Phillips tomp@downing.co.uk or call us on 020 7630 3319.