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Oakmount & Partners Ltd has reported a resurgence in confidence among UK private investors since July, following a challenging period for consumer sentiment over the past year. CEO Glenn King has maintained a steadfast approach towards the firm's strategic objectives, including plans for a London listing or a high-growth private acquisition.
Despite a tough year for corporate fundraising, King views the difficulties as valuable learning experiences, offering insights and opportunities for future growth. The past year’s volatility and reduced consumer confidence—conditions not seen since 2008—prompted a significant shift in Oakmount's strategy in September 2023. Instead of concentrating on external fundraising, the firm decided to focus on developing its own products and assets.
King explained that the strategic pivot involved concentrating on internal growth and asset management. By taking direct control of its investments, Oakmount has built a strong asset base. The firm now manages its investments internally, which King believes has fortified their portfolio and created a more resilient asset bank.
Looking ahead, King aims to elevate Oakmount’s valuation to significant levels within the next few years. The goal is to reach a valuation milestone within three years and an even higher target over five years. This strategy involves developing an asset-rich portfolio with high cash flow, focusing on targeted property investments and exploring new sectors.
King remains optimistic about the timing, noting that approaching two decades in business, Oakmount has established a solid track record. The focus now is on leveraging this experience to drive the next phase of growth.
The renewed focus on building internal assets and managing investments directly reflects a strategic response to market conditions and consumer sentiment. Oakmount’s approach demonstrates a shift from external fundraising to a more controlled, growth-oriented strategy, positioning the firm for future success.
