The Portfolio
A concentrated book of operating businesses across the Caucasus, the UK & Southern Europe.
Eight direct investments — from national infrastructure and heavy industry to specialty finance and media — each held for the long term and managed by senior partners on the ground.
Index of Assets
08 EntriesMagticom
- Sector
- Telecommunications
- Geography
- Georgia
- Tenure
- Since 2011
The country's principal mobile and fibre network, serving millions of subscribers across consumer, enterprise and public-sector segments.
Rustavi Steel LLC
- Sector
- Manufacturing
- Geography
- Georgia
- Tenure
- Since 2011
A vertically integrated steel producer supplying rebar and rolled products to the domestic construction market and export customers across the Caucasus.
Hunnewell Cement
- Sector
- Building Materials
- Geography
- Georgia
- Tenure
- Since 2016
Georgia's largest cement platform, acquired from HeidelbergCement, supplying the majority of the country's infrastructure and residential construction demand.
IDS Borjomi
- Sector
- Consumer / Beverages
- Geography
- Georgia
- Tenure
- Since 2019
A minority position in one of the region's most recognised consumer brands, with more than a century of heritage and distribution across the CIS, EU and North America.
Benahavis Hills
- Sector
- Real Estate
- Geography
- Spain
- Tenure
- Since 2012
A hillside residential development in Benahavís, above Marbella, delivering a phased programme of villas and apartments to the international luxury market.
Litigation Finance
- Sector
- Specialty Finance
- Geography
- United Kingdom
- Tenure
- Since 2011
A structured litigation-finance book overseen from London, with more than fifty cases funded across the UK High Court and international jurisdictions.
Liberty Bank
- Sector
- Banking
- Geography
- Georgia
- Held
- 2017 – 2026
A nationwide retail and commercial bank with one of the deepest branch footprints in the country and a leading position in pension and social payments.
Imedi TV & GDS
- Sector
- Media
- Geography
- Georgia
- Held
- 2012 – 2026
A national broadcaster and production group held for more than a decade and divested to Prime Media Global and the channel's management in February 2026.
Direct Investment