LetterOne LetterOne LetterOne

Long-term investors building businesses that matter

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

2022 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.

$ 18.7 bn

Net assets (2021: $26.8bn)

$ 2.2 bn

Capital deployed (2021: $2.0bn)

$ 0.7 bn

Cash realisations (2021: $3.9bn)

$ 7.7 bn

Liquidity (2021: $9.6bn)

2022 Performance

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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.

L1 is committed to maximising its impact on society through ESG and a market-leading charitable donations programme

Charitable giving and ESG

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

Our governance

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