# Menhaden

Menhaden is a Trust / Investment Trust based in London, United Kingdom.

## Overview

- **Organization type:** Trust / Investment Trust
- **Headquarters:** London, United Kingdom
- **Region:** Europe
- **Address:** London, United Kingdom
- **Founded:** 2015
- **Assets under management:** Undisclosed
- **Website:** www.menhaden.com
- **LinkedIn:** https://www.linkedin.com/company/menhadenai

## Regulatory record

- **Reports private funds:** No

## About

Menhaden is a London-based investment trust. It manages approximately $160.49 million across 3 funds, primarily focused on European investments.

## Sectors

- Energy Transition & Renewables
- Infrastructure
- Real Estate
- Industrial Tech

## People

- Ben Goldsmith — CEO, Menhaden Capital Management LLP
- Sir Ian Cheshire — Former Chairman, Menhaden Resource Efficiency PLC
- Howard Pearce — Chairman, Menhaden Resource Efficiency PLC

## Questions

### Who makes the investment decisions at Menhaden?

Ben Goldsmith, as CEO of Menhaden Capital Management LLP, leads the investment process. The manager reports to the board of Menhaden Resource Efficiency PLC, which during its active phase included independent directors with oversight authority over the portfolio.

### How does Menhaden source deals?

The trust sourced investments through Goldman's network in environmental philanthropy and sustainable finance, including connections via the Environmental Funders Network and Conservative Environment Network. As a listed trust, it also received broker-led deal flow typical of London-listed closed-end funds.

### Why did Menhaden decide to wind down?

In 2023, the board proposed a managed wind-down, citing persistent discounts to net asset value and limited liquidity for a trust of its size. Chairman Howard Pearce led the liquidation process, which reflected a board-level decision rather than any single principal's preference.

### What is Menhaden's relationship to the Goldsmith family?

Ben Goldsmith founded the trust, and the Goldsmith name is closely tied to UK environmental philanthropy through vehicles like the Conservation Collective and JMG Foundation. The trust's resource-efficiency mandate mirrors the family's broader philanthropic focus on conservation and environmental policy.

### What did Menhaden invest in?

The trust targeted companies and projects improving resource productivity — energy efficiency, water conservation, waste reduction, and sustainable materials. Holdings included listed equities and private assets tied to renewable energy, circular-economy operators, and industrial-efficiency technology across Europe and North America.

## Related profiles

- [Mendoza Ventures](https://altss.com/profile/mendoza-ventures)
- [Menlo Advisors](https://altss.com/profile/menlo-advisors)

---

Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/menhaden

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology