FAST

Jayne Styles, CEO since 2021, leads the investment team alongside Chairman Robert Wigley. The firm operates a structured investment committee process, with each deal undergoing formal due diligence before presentation to the membership. Final investment decisions rest with individual member institutions, not FAST itself.

FAST sources opportunities through the sponsor relationships of its principals and the collective demand of its membership base. As a buy-side aggregator representing multiple institutions, it can negotiate co-investment allocations directly with general partners — KKR, Apollo, and EQT have been among the sponsors with whom FAST has syndicated deals. The firm reviews several hundred opportunities annually and selects a small number for formal diligence and syndication.

Neither. FAST operates as a deal-syndication and advisory platform — essentially a curated buy-side club for institutional investors. It aggregates demand from pension funds, insurers, and family offices, negotiating access and terms with the underlying sponsors. It does not manage a blind-pool fund, nor is it tied to a single family's capital.

Both. FAST syndicates primary fund commitments, direct co-investments alongside sponsor-led deals, and selected secondary transactions. The structure depends on member demand and the opportunity profile. Direct co-investments typically involve ticket sizes from £5 million to £50 million per participant.

FAST earns fees from both the buy-side members it represents and, in certain structures, a share of carried interest from the underlying sponsors. This dual-revenue model — disclosed to members — aligns FAST's economics with investment outcomes, since carry participation only materializes on successful exits. The firm's acceptance criteria require that any sponsor-side economics be transparent to the full membership before a deal is syndicated.

FAST has publicly indicated it does not syndicate early-stage venture capital, hedge fund allocations, or publicly traded securities. Its mandate is confined to institutional-quality private market assets — buyout, growth equity, private credit, real estate, and infrastructure — where it can negotiate preferential access and terms for its members.

Co-investment is core to FAST's value proposition. The firm actively negotiates for co-investment rights alongside its primary fund commitments, allowing members to deploy additional capital into specific assets without paying double management fees. These co-investment allocations are offered to members on a deal-by-deal basis, with allocation decisions made by FAST's investment committee.