Returns
We have consistently generated high returns through many different economic cycles, driven by long-term revenue and profit growth by our portfolio companies, rather than cost reduction. Despite persistent economic headwinds since the Great Financial Crisis, our performance since 2006 has been particularly strong, with most of our investments having been sold at more than twice cost and many generating multiples of over 3x. Staff numbers of both our 2007 and our 2013 fund portfolios have broadly doubled to around 10,000 under our ownership and those of our 2019 fund portfolio have also grown materially already.