Aberdeen Private Equity

Aberdeen Private Equity is a private equity business which is part of Aberdeen Asset Management. It was originally known as Bramdean Alternatives.

## Origins

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Bramdean Assets Management (BAM) was founded in 2005 by Nicola Horlick[1] with Derek Higgs as chair.[2] Bramdean Alternatives Limited was an investment company based in Guernsey, which was a distinct organisation from BAM and had a board chaired by Brian Larcombe,[2] former CEO of 3i.[3] In the summer of 2007 it aimed to benefit from changes introduced by the Financial Services Authority to allow retail investors greater access to alternative investments.[3]

In the summer of 2009 the fund became of interest to the entrepreneur Vincent Tchenguiz, who in June gained control through his company Elsina at an Extraordinary General Meeting.[4]

## Buy-out and subsequent events

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Horlick lost control of Bramdean Alternatives on 19 November 2009. Aberdeen Asset Management bought out the contract from Bramdean Assets Management, re-branded the project as Aberdeen Private Equity and placed the fund under the management of Alex Barr.[5] Following the 2017 merger of Standard Life with Aberdeen, it became a subsidiary of the company known as Abrdn.[6]

## References

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1. ^ "Fifty lessons: teamwork takes all kinds". The Daily Telegraph. London. 30 June 2005. Retrieved 5 August 2013.
2. ^ a b "Bramdean asset management llp". www.bramdean.com. Bramdean Asset Management llp. Retrieved 31 October 2017.
3. ^ a b "Nicola Horlick's Bramdean to launch alternative investment trust". Wealth Manager. Citywire.co.uk. Retrieved 31 October 2017.
4. ^ Lewis, Adam (9 March 2010). "Bramdean Alternatives to move to private equity - Money Marketing". Money Marketing. Money Marketing. Retrieved 29 October 2017.
5. ^ Sharp, Tim (2009). "City Superwoman loses grip on fund". No. 20 November 2009. The Herald. Retrieved 1 November 2017.
6. ^ "Annual report and accounts". Abrdn. 31 December 2021. p. 238. Retrieved 5 June 2022.