Selected Current Investments

Corporate Investments

Marex Spectron

Commodity Brokerage

A leading broker of financial products in the commodities sector as well as physical energy products, financial futures, foreign exchange and securities. Invested with JRJ Group.

Central European Petroleum

Gas exploration

A petroleum exploration company with gas operations and acreage in North West Poland. Minority stake.


Technology distributor

A North American value-added reseller of technology solutions and services to SME, enterprise and public sector institutions. Invested with Birch Hill Equity Partners. Partial exit through IPO and block trade in 2021.

Atlantis Health

Patient solutions

An international leader in patient adherence and behavioural change solutions to pharmaceutical companies, public health and health insurers, with offices in US, UK, Germany, Australia and New Zealand.

Pet Space

Veterinary chain

A veterinary business with clinics throughout Hong Kong and in Singapore.

Aareal Bank

Germany-headquartered provider of financing solutions and services, with a focus on the property industry. A BXR shareholder co-invested with Petrus Advisers in a take-private by a consortium led by Advent, Centerbridge and CPPIB.

Group RMC

BXR shareholders co-acquired Phoenix Tower, a 34-storey Grade A office tower in Parkway Plaza, Houston as part of a consortium led by US & Canadian fund manager Group RMC.



A 21,300 Hectare farming operation producing soybean and corn in Western Bahia and Mato Grosso, Brazil.



Sistemas Productivos de Paraguay owns and operates a 2,580 Ha farm in the Concepcion region of Paraguay.

Hoyo Hoyo Agribusiness


A large-scale soybean and corn farming operation in Mozambique.


Medical device development

Developing a device for screening of colon cancer. Minority stake.

Treos Bio

Computational immunotherapy

Developing a proprietary technology to predict likely responders to cancer immunotherapies and designing next generation targeted immunotherapies.

Bluenose AC Investments

Property development partnerships – Canada

A joint investment programme with Canadian developer Bluenose, investing in condominium developments in Toronto with Freed Developments.

Fund Investments

Birch Hill Equity Partners

Private equity funds – Canada

The leading private equity firm focused on the Canadian mid-market. Invested in 4th, 5th and 6th funds.

Crossroads Real Estate

Real estate funds – Europe

A pan-European real estate fund investing across multiple real estate asset classes and specialising in platforms with operating partners. Cornerstone investor in 1st and 2nd funds

Outsized Ventures

Venture capital fund

A venture capital firm with an emphasis on deep tech investments. Cornerstone investor in two funds.

Vietnam Investments Group

Private equity fund – Vietnam

Private equity firm which provides early-stage and expansion capital taking advantage of Vietnam’s rapid consumer growth. Invested in 3rd fund.

Central Fund

Private equity funds – Hungary

A Budapest-based private equity firm focused on turnarounds of SMEs.  Cornerstone investment in three funds (two now fully exited).

Isola Capital Partners

Private equity fund – Pacific Rim

Multi-family office platform based in Hong Kong with investment themes focused on consumer growth such as education and food. Invested in 1st fund.

First Reserve

Private equity fund – Energy

Specialising in private equity and infrastructure investments through the energy value chain. Invested in 12th fund.

Selected Investments by Funds

Temporall (Outsized)

Developing an enterprise platform for organisational intelligence.

Phenomic AI (Outsized)

A Canadian company leveraging computer vision and high-content screening to develop the next wave of therapeutic antibodies.

Mahana Therapeutics (Outsized)


Digital therapeutics company developing a software-based treatment that improves symptoms in patients with chronic gastro-intestinal conditions.

Optellum (Outsized)

Health Care

Develops artificially intelligent clinical decision support software for lung cancer diagnosis and treatment.

Synthace (Outsized)


Designing a powerful software platform that gives biologists sophisticated, flexible and integrated control over lab hardware

Hadean (Outsized)


Developer of a cloud engine which enables computer game developers to build and efficiently operate large-scale multiplayer online games

Mindspace (Crossroads Real Estate)

Co-working operator

Operates co-working spaces in major cities across Europe and the USA.