We aim to generate superior, long-term returns by discovering, accessing, investing and driving change in under-valued and under-researched companies.

All our investments are in small and micro-cap quoted companies.


We actively manage a portfolio of large minority equity holdings in 15–20 technology-rich companies, all with low levels of financial gearing. We focus on cash flow and the compounding of cash over the long term. We’re able to hold minority equity stakes as well as structured, equity-linked debt, and we don’t use portfolio leverage.

Using a repeatable investment process honed over more than 10 years,  we work with the boards of our portfolio companies to achieve their growth ambitions and unlock value. We have public and private transaction expertise. 

And as an owner-managed business, we personally understand the challenges and rewards of growing and scaling smaller companies. We’re significant investors in the vehicles we manage and our fees are structured to maximise investor alignment on the basis of realised returns.

Investing in the business critical software sector

How we work with our portfolio companies

Testimonials

Kestrel are extremely detailed in their approach. They ask the right questions, get to the heart of the issue and come up with good ideas.
Andy Howell, Chief Executive, KBC Advanced Technologies plc
There’s no doubt Kestrel took the time to listen to the company story and think about what was needed. We’ve really benefited from their partnership. It’s a major value-add.
Ken Archer, Chairman, Gresham Technologies plc
Having Kestrel on your shareholder register naturally means that you’re playing at your best. They’re challenging, robust and ambitious for the company – just what we need.
Joanna Arnold, Chief Executive, Access Intelligence plc
I would genuinely and without hesitation recommend Kestrel. It's been a very strong experience. They give a real value-add.
David Meaden, Chief Executive, IDOX plc
"More involved and well-informed investors deliver greater value - without doubt our experience with Kestrel" - as a shareholder.
Nigel Redwood, former CEO, Nasstar
I really respect and admire our robust conversations with Kestrel - they challenge, but it's constructive and comes from years of market experience.
Paul Taylor, Chairman, IQGeo plc
"Kestrel combines investing with intelligent engagement."
Keith Todd, former Chairman, FfastFill plc
"Kestrel gets under the skin of a business and its target markets. They are extraordinarily thorough in their approach."
Nik Philpot, CEO, Eckoh plc
"The Kestrel team's individual areas of expertise combine to create in-depth and informed viewpoints, helping to maximise shareholder value."
Dean Dickinson, former CEO, Castleton Technology plc