The world needs energy, but energy production needs to change. LetterOne (L1) is building a safe, sustainably growing energy group, recognised as a partner of choice in its industry and enabling the transition to a lower-carbon and more circular economy. We continue to look for active investments that can power society for the long term.
"Investment activity in the circular economy is significant and on the increase, as customers become ever more thoughtful about plastics, waste and the full cycle impact of all of our lifestyles."
Looking back on a year of resilience, ingenuity and achievement.
Our year in review - L1 Energy
Net assets under management (31 Dec 2023)
The world needs energy, but energy production needs to change. L1 is building a safe, sustainably growing energy group, recognised as a partner of choice in its industry and enabling the transition to a lower-carbon and more circular economy. We continue to look for active investments that can power society for the long term.
We are long-term growth investors in telecoms and technology – with no fixed investment time horizons and significant funding available of our own patient capital. We believe this is a sector of vital, sustainable social and economic importance.
L1 Health partners with entrepreneurs and industry executives to invest in platforms that are propelled by powerful, long-term global trends and have the potential to transform healthcare and improve lives.
L1 retail is a differentiated investor with a longer-term horizon than many. We look for platforms that can be positioned for strong, sustainable growth over ten years and beyond.
L1 Treasury manages the liquidity and financial investments of L1 Investment Holdings. When the Group makes strategic investments, L1 Treasury provides the necessary funds, whereas where investments are sold or dividends received, L1 Treasury manages the available funds.
