Clear conviction in every allocation.

Old Hill Fund is a London-based investment manager focused on investment in financial markets for precise hedging and liquidity and real estate where operational upgrades drive returns. 

Every investment begins with a straightforward question: can we improve this asset, protect the downside and create measurable value?

The firm was established to serve investors who value transparency, disciplined decision-making and a partnership model rooted in alignment rather than volume.

Real Estate

Old Hill Fund is a London-based investment manager focused on investment in financial markets for precise hedging and liquidity and real estate where operational upgrades drive returns. 

Logistics & Industrial

Urban logistics facilities and last-mile distribution centres across major European and North American metropolitan areas. Old Hill Fund acquires properties with weak income security or short leases and exits to core funds seeking stabilised yields. 

Residential Blocks

Multi-unit residential buildings in prime urban locations across London, Paris, Berlin and select US gateway cities. Investments focus on operationally inefficient assets where professional management, service contract renegotiation and targeted capital expenditure can improve NOI and compress yields. 

Mixed-Use & Opportunistic

Ground-floor retail combined with residential or workspace above, typically requiring planning work or repositioning. Old Hill Fund invests where complexity creates pricing opportunity and multiple exit routes exist. Capital deployed selectively across developed markets and through joint ventures with sector specialists.

Case Studies

Bermondsey Distribution Hub

£18.5m urban logistics acquisition in South London. Old Hill Fund invested £2.1m into subdivision and upgrades, securing three 10-year leases with e-commerce tenants. Sold to core fund after 18 months, delivering 18.5% IRR.

Paris 15th Arrondissement Residential

€22m residential portfolio of 28 apartments near Parc André Citroën. Old Hill Fund acquired from distressed institutional seller, deployed €1.8m into energy efficiency upgrades and unit-level improvements. Rental income increased 14% over 30 months; sold to French REIT at 4.8% yield, generating 17.2% IRR.

Shoreditch Mixed-Use

£3.6m mixed-use building acquired vacant in improving East London location. Invested £640k into F&B/workspace conversion and planning extension. Now fully let generating £385k annually; held for income with exit optionality under review.

Berlin Mitte Logistics Centre

€12m last-mile facility in former industrial district. Acquired with single tenant on expiring lease, repositioned for multi-tenant urban distribution. Invested €1.3m into loading infrastructure and secure yard upgrades. Re-let to three parcel operators; exit to German open-ended fund delivered 19.4% IRR.

Brooklyn Mixed-Use Conversion

$8.2m corner property in Williamsburg acquired below replacement cost. Old Hill Fund deployed $1.1m into ground-floor retail reconfiguration and residential conversion above. Stabilised at $620k annual NOI; held as income asset with REIT acquisition interest pending at 6.5% cap rate.

Kensington Residential Block

£28m residential block acquired off market with operational inefficiencies. Deployed £1.4m into refurbishments and management restructuring, improving NOI by 18%. Sold to income fund at compressed yield after 24 months, achieving 21.7% IRR.

Private Equity

Old Hill Fund’s financial investments arm focuses on liquid, scalable strategies built on clear conviction, fundamental analysis and disciplined risk control. Old Hill Fund’s financial markets strategy exists to provide liquidity during acquisition windows and protect capital during periods of volatility.

Our Mandate

Old Hill Fund manages diversified portfolios across global financial markets, with an emphasis on transparency, repeatable processes and measured risk. The objective is to generate attractive, risk adjusted returns through cycles while preserving flexibility to respond to changing conditions.

Research and Idea Generation

Old Hill Fund research is bottom up and fundamentally driven, framed by a clear macro view. Companies and instruments are assessed on balance sheet strength, cashflow quality and resilience under stress scenarios, with equal attention paid to valuation discipline and business quality.

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Integrated analysis of valuation, quality and momentum factors.

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Scenario and sensitivity testing for interest rates, inflation and growth assumptions.

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Ongoing monitoring of earnings revisions, credit spreads and volatility indicators.

Portfolio Construction and Risk

Risk management is embedded in portfolio construction rather than treated as a separate overlay. Positions are sized according to conviction and downside risk, and portfolios are designed to withstand periods of heightened market stress without forced selling.

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Explicit limits on single-name, sector and currency exposures.

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Use of derivatives primarily for hedging rather than speculation.

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Defined drawdown thresholds and regular portfolio review cycles.

Investor Alignment and Reporting

Old Hill Fund seeks long term relationships with investors who value clarity of strategy, direct communication and disciplined execution. Reporting is concise and decision useful, highlighting portfolio positioning, performance drivers and current market views rather than overwhelming with volume.

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Clear articulation of investment rationale for core holdings.

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Structured commentary on risk, opportunities and market developments.

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Consistent communication style across mandates and vehicles.