Lord Sainsbury’s Family Office Plans to Invest £253 Million Into Private Equity Funds

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Lord David Sainsbury, the great grandson of the founder of Sainsbury has big plans to invest in private equity funds through his family office, Innotech Advisers.

The London-based firm has moved away from public markets and plans to invest in private companies through loans and participation in partnerships with independent managers. It also has plans to funnel £253 million into private equity funds.

By the end of last year, the family office already had more than £400 million allocated to managed funds in the buyout sector. The firms portfolio of investments also had a market value of £1.1bn. It’s value had increased by more than £3 million since 2019, and “remains in a strong position to take advantage of any suitable investment opportunities,” said Innotech in its recently filed accounts.

Lord Sainsbury had originally allocated 92 million shares in the grocer in 2010 to the family office, and it owned a 5 percent stake worth about £270 million by 2011. According to company filings, the firm had sold all of its shares by the end of 2018.

The firm also increased its investments in private equity funds by more than 40 percent in the same period.

After the private equity buyout of Morrisons, a competitor and UK supermarket giant earlier this year, investors speculated that Sainsbury’s could be following suit, after it lost almost a third of its value since the last 20 years.

Lord Sainsbury’s family office plots £253m investment into private equity funds‘- Amy O’Brien, City A.M.

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