# Palatine Private Equity

Palatine Private Equity is an Asset Manager based in Manchester, United Kingdom.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Manchester, United Kingdom
- **Region:** Europe
- **Address:** Manchester, United Kingdom
- **Founded:** 2005
- **Assets under management:** Undisclosed
- **Website:** palatinepe.com

## Regulatory record

- **CRD number:** 163410
- **SEC file number:** 802-76145
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/163410

## About

Palatine Private Equity LLP is an exempt reporting adviser based in Manchester, established in 2012. It since then.

## Sectors

- Enterprise Software
- FinTech
- Digital Health
- Business Services
- Consumer
- Private Credit

## Offices

- London, United Kingdom

## People

- Gary Tipper — Managing Partner
- Tony Dickin — Partner
- Andy Lees — Partner

## Questions

### Who runs investment decisions at Palatine Private Equity?

Investment decisions sit with the partnership led by Managing Partner Gary Tipper, who co-founded the firm in 2005 alongside Tony Dickin and Andy Lees. The three founding partners remain active in the investment committee, maintaining continuity of decision-making across the firm's buyout and impact fund strategies. Day-to-day deal execution is managed by a broader team of partners and investment directors split between Manchester and London.

### How is Palatine's impact fund structured, and is it separate from the core buyout fund?

Palatine launched its dedicated impact fund in 2017, running it as a separate legal vehicle with a distinct investment committee and impact measurement framework. The impact fund targets the same UK lower mid-market buyout profile as the core strategy but screens exclusively for businesses delivering measurable environmental or social outcomes. The two funds share back-office infrastructure and partner oversight but maintain separate LP bases and carry structures.

### Does Palatine use an in-house debt fund, and why does that matter?

Yes, Palatine operates an in-house debt fund that provides acquisition financing directly to its own portfolio companies, a structure uncommon among UK lower mid-market private equity firms. This allows Palatine to offer transaction certainty and faster close timelines than competitors who must syndicate debt to third-party lenders, which is a significant advantage when competing for founder-owned businesses where sellers prioritize deal certainty.

### Is Palatine a regional firm, or does it compete nationally?

Palatine was founded in Manchester with an explicit thesis that the UK regional lower mid-market was underserved by London-centric buyout firms, and it maintains its headquarters there. However, the firm competes nationally, operates a London office, and invests across the entire UK. Its regional roots give it a sourcing advantage in the Midlands and North of England, where proximity to founders and management teams has been central to its deal origination strategy.

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- [Gilde Healthcare Partners](https://altss.com/profile/gilde-healthcare-partners-bv)
- [FINCO Investment Services](https://altss.com/profile/finco-investment-services-inc)

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Last updated: 2026-08-14T12:30:00.000Z

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