Northcote Equity backs £1bn AUM wealth manager Lockhart
- Simon Bourke
- 6 days ago
- 2 min read
7th August 2026
Deal summary
Northcote Equity has made a minority investment in Lockhart Capital Management, an independent financial planning and wealth management firm with offices in Cobham, Aberdeen and Leeds.
Lockhart manages more than £1bn of client assets on behalf of more than 400 families. The investment will support further spending on technology and infrastructure, recruitment and selective geographic expansion.
Financial terms and the exact size of Northcote Equity’s stake were not disclosed.
About Northcote Equity
Northcote Equity is a London-based private equity firm founded in 2024 by Matthew Charman, Scott Fairlie and Charles Dale. It invests in founder-led technology and services businesses across the UK and Ireland through both minority and majority transactions.
The firm has a £160m maiden fund and can provide up to £30m of capital per transaction. The amount invested in Lockhart has not been disclosed.
About Lockhart Capital Management
Lockhart Capital Management was founded in 2017 and provides financial planning and investment management to high-net-worth individuals and families. It manages more than £1bn of client assets for more than 400 families from offices in Cobham, Aberdeen and Leeds.
The firm combines bespoke financial planning with investment management, including its investment proposition through Lockhart Asset Management.
What happens next?
Lockhart’s founding partners and management team will continue to run the business, while employees will retain majority ownership and control. Lockhart plans to invest further in technology, infrastructure and its team and to attract additional advisers and specialists. It has also said it intends to expand selectively in existing and new regions.
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