Metropolis Capital

Managing Director Jonny Mulligan leads the firm's investment origination and structuring. As a principal-led advisory, decisions combine Mulligan's own credit and transaction expertise with the specific mandates of each client family. Capital commitments are made family-by-family rather than through an internal investment committee that pools outside LP interests.

Deal flow derives from the firm's network of professional-services intermediaries, corporate finance boutiques, and direct relationships with business owners across the UK's South East and home counties. Because Metropolis Capital does not run an open-ended fund requiring continuous deployment, transaction volume is deliberately modest and selectivity high.

The firm operates across three principal asset classes: private credit, real estate, and private equity. Private credit engagements focus on asset-backed and cash-flow-based mid-market lending. Real estate activity encompasses commercial and residential repositioning in the South East. Private equity involvement is opportunistic, often backing growth-stage companies and buyouts where the principals can introduce operational expertise.

The firm does not offer model portfolio management, retail investment products, or platform-based advisory — the core functions of most UK wealth managers. Instead, it operates as a deal-by-deal private-markets advisor, a role that requires sourcing bespoke transactions and structuring them around complex family-office considerations such as inheritance-tax planning, cross-border estate exposure, and operating-business overlaps.