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LetterOne

Active investment that realises potential

Welcome to LetterOne (L1), founded in 2013. We are an international investment business led by successful entrepreneurs and former CEOs and international businesspeople.

Lord Davies Quote

L1's aim is to be the pre-eminent international investment firm. We buy and build investments that stand the test of time and create value for all our partners and stakeholders.

Lord Davies of Abersoch, NON-EXECUTIVE CHAIRMAN

2020 financial highlights

We invest through L1 Energy, L1 Technology, L1 Health and L1 Retail. Our liquidity is managed by L1 Treasury. Our investments in private equity are managed independently.

$ 22.3 bn

Net assets (2019: $23.4bn)

$ 1.8 bn

Capital deployed (2019: $2.9bn)

$ 0.4 bn

Cash realisations (2019: $0.6bn)

$ 4.3 bn

Liquidity (2019: $5.2bn)

Net Assets Under Management 31 Dec 2020
Return by business unit For the year ended 31 December 2020
Return By Business Unit 31 Dec 2020
Net assets under management (As at 31 December 2020)

Discover more

Our purpose is to use an entrepreneurial mindset, long-term vision and active investment to drive sustainable value in sectors vital to future prosperity.

Purpose and approach

A board comprised of global experts who ensure the long-term success of L1 for the interests of our shareholders and stakeholders.

Our board

Our businesses will only deliver financial performance if they are able to adapt to the future social, environmental and technological changes the world faces.

ESG and our impact on society

L1 believes that our success rests on maintaining best in class corporate governance.

Our governance

Related news and insights

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Our people

Meet the entrepreneurs, business people and investing experts that are part of the LetterOne team.

Our people

Our businesses

Learn more about the areas we invest in and understand the value we bring to active investment.

Our businesses

News and insights

Read the latest news, insights and thought leadership from LetterOne.

News and insights