# Graphite Private Equity

Graphite Private Equity is an Asset Manager based in London, United Kingdom.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** London, United Kingdom
- **Region:** Europe
- **Address:** London, United Kingdom
- **Founded:** 2001
- **Assets under management:** Undisclosed
- **Website:** graphitecapital.com

## Regulatory record

- **CRD number:** 162960
- **SEC file number:** 802-75769
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/162960

## About

Graphite Capital invests across three sector verticals. It has backed management teams in more than 100 companies. The firm operates as an independent partnership with an experienced team.

## Sectors

- Enterprise Software
- Healthcare Services
- FinTech
- Industrial Tech
- Media & Entertainment
- Private Credit

## People

- Mike Tilbury — Chairman
- Mark Hall — Chief Executive Officer
- Hugh Peppiatt — Chief Investment Officer

## Questions

### Who runs investment decisions at Graphite?

Chief Investment Officer Hugh Peppiatt leads the investment team, with oversight from Chairman Mike Tilbury and CEO Mark Hall. The Investment Committee includes several senior partners, most of whom have been with the firm since its spinout from Barclays in 2001. Day-to-day deal execution is run by a partnership group that averages more than 15 years of tenure at the firm.

### How does Graphite source proprietary deal flow?

Graphite sources through a network of UK and European intermediaries built since its Barclays Private Equity origins in the 1990s. The firm targets succession-driven exits, corporate carve-outs of non-core divisions, and buy-and-build platforms where founders seek institutional backing. Graphite has historically emphasized a relationship-driven approach, with portfolio CEOs and operating partners generating repeat deal flow.

### Does Graphite participate in fund commitments or only direct deals?

Graphite invests exclusively through direct control-equity buyouts and direct lending — it does not operate a fund-of-funds program. The firm makes equity and debt investments from its own institutional vehicles. Limited partners commit to Graphite's flagship equity funds and its parallel credit fund, but the firm does not invest as an LP in third-party managers.

### Which sectors does Graphite explicitly avoid?

Graphite has historically avoided highly regulated industries such as defense, tobacco, and speculative natural resources. The firm also stays away from pre-revenue technology businesses and real estate development. Its mandate centers on services, consumer, and industrial businesses where operational intervention can generate the majority of value creation.

### How is Graphite related to Barclays?

Graphite was formed in a 2001 management buyout of Barclays Private Equity, the in-house buyout arm of the UK bank. Mike Tilbury led the spinout with Barclays retaining a minority stake and seed capital for the first independent fund. The relationship has since diminished over successive funds, and Graphite now operates fully independently with an institutional LP base that includes pension funds and endowments.

### Does Graphite maintain a direct lending capability, and how is it structured?

Yes. Graphite operates a senior secured direct-lending fund alongside its flagship equity vehicles. This allows the firm to provide acquisition financing on its own deals and to originate credit opportunities independently. The credit team sits within the same regulated entity, Graphite Capital Management LLP, and the structure gives Graphite a sourcing advantage on transactions where speed and certainty of financing matter.

## Related profiles

- [India Capital Management](https://altss.com/profile/india-capital-management-limited)

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Last updated: 2026-07-11T16:24:45.000Z

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