LetterOne

Long-term investors building businesses that matter

Welcome to LetterOne (L1), founded in 2013. We are an international investment business led by successful entrepreneurs and former CEOs and international businesspeople.

Lord Davies Quote

L1's aim is to be the pre-eminent international investment firm. We buy and build investments that stand the test of time and create value for all our partners and stakeholders.

LORD DAVIES OF ABERSOCH, NON-EXECUTIVE CHAIRMAN

2023 financial highlights

We invest through L1 Energy, L1 Technology, L1 Health and L1 Retail. Our liquidity is managed by L1 Treasury. Our investments in private equity are managed independently.

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$ 18.1 bn

Net assets (2022: $18.7bn)

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$ 1.9 bn

Capital deployed (2022: $2.2bn)

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$ 1.0 bn

Cash realisations (2022: $0.7bn)

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$ 7.0 bn

Liquidity (2022: $7.7bn)

Discover more

Our purpose is to use an entrepreneurial mindset, long-term vision and active investment to drive sustainable value in sectors vital to future prosperity.

Purpose and approach

L1 is committed to maximising its impact on society through ESG and a market-leading charitable donations programme

Charitable giving and ESG

L1 believes that our success rests on maintaining best in class corporate governance.

Our governance

The L1 Leadership Team

Lord Davies of Abersoch
Chairman
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Jonathan Muir
Chief Executive Officer
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Vitalij Farafonov
Chief Operating Officer
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Stefan Linn
Managing Partner and CEO - L1 Health
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Tim Summers
Managing Partner - L1 Energy
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Michael Casey
Managing Partner - L1 Impact
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Nitin Bhandari
Chief Investment Officer – L1 Treasury
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Ben Babcock
Managing Director - Corporate Finance and Restructuring
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Stephen Gillespie
Group General Counsel
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Josh Hardie
Director of Communications
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Featured
CEO's review of 2021
CEO's review of 2021
News 22 Jul 2022 3 mins
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Latest news and insight

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LetterOne is pleased to announce a significant investment in Dayim Middle East Holding Company

News 17 Oct, 2024 3 mins

L1 becomes minority shareholder in Harbour Energy plc after completion of transfer of Wintershall Dea assets

News 4 Sep, 2024 2 mins

L1 Annual Review 2023

News 8 Jul, 2024 15 mins
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