Entrepreneurial mindset
Long-term vision
Active investment
Founded in 2013, LetterOne (L1) is a partnership of successful entrepreneurs, CEOs and international businesspeople passionate about building better business. We invest in sectors fundamental to society’s sustainable prosperity: energy, technology, health and retail. We are not answerable to the demands, and short-termism, of external capital.
With more than £20bn of patient capital, our long-term approach, in-depth expertise and commitment to good governance are helping us to build the companies of the future, supporting more than 125,000 jobs in sectors that create lasting value for investors and society.
Our purpose and approachAn introduction to L1 from our Chairman
Meet the experts investing at scale
L1 is built on the expertise of our people. We have an outstanding executive backed by world class CEO’s, sector investment teams and advisory boards that help us invest and grow businesses, at scale.
A world-class, diversified global business
As long-term, active investors, we have deep expertise in sectors that are fundamental to society’s long-term prosperity. We run our businesses through four main units: L1 Energy, L1 Health, L1 Technology and L1 Retail. These units are supported by L1 Treasury, who manage our liquidity. Whether through minority holdings or full ownership, we hope to grow firms that deliver for the future needs of society.
Our businesses
The world needs energy, but energy production needs to change. L1 is building a safe, sustainably growing energy group, recognised as a partner of choice in its industry and enabling the transition to a lower-carbon and more circular economy. We continue to look for active investments that can power society for the long term.
We are long-term growth investors in telecoms and technology – with no fixed investment time horizons and significant funding available of our own patient capital. We believe this is a sector of vital, sustainable social and economic importance.
L1 Health partners with entrepreneurs and industry executives to invest in platforms that are propelled by powerful, long-term global trends and have the potential to transform healthcare and improve lives.
L1 retail is a differentiated investor with a longer-term horizon than many. We look for platforms that can be positioned for strong, sustainable growth over ten years and beyond.
L1 Treasury manages the liquidity and financial investments of L1 Investment Holdings. When the Group makes strategic investments, L1 Treasury provides the necessary funds, whereas where investments are sold or dividends received, L1 Treasury manages the available funds.
Our active investments
As entrepreneurs with a long-term horizon, we aim to buy and build great businesses that deliver long-term value for investors and society.
