Platinum Capital Management

Brett Richards leads the firm as CEO and is directly involved in investment decisions. As the most senior investment professional, he sets the portfolio construction framework and participates in manager selection. The firm maintains a lean structure where senior executives, rather than a large analyst pool, drive allocation choices. Nicholas Crean, the Non-Executive Chairman, provides additional governance and strategic oversight.

Platinum relies on a relationship-driven sourcing model, cultivated through decades of interaction with hedge fund managers globally. The firm targets capacity-constrained, often closed or 'soft-closed' funds where access is limited. This approach depends on the senior team's personal networks, earned allocations from early backing of managers who later institutionalize, and its reputation as a long-duration limited partner.

Platinum is a specialist fund-of-hedge-funds manager serving external clients, primarily European institutions and private wealth channels. It is not a single family office. The firm operates under UK regulatory authorization and manages pooled vehicles as well as segregated mandates for third-party investors, not a single family's wealth.

Platinum uses both fund commitments and managed accounts. Where possible, the firm favors managed account platforms to gain transparency into underlying holdings and liquidity terms. For capacity-constrained or high-demand managers, it accepts commingled fund structures. The mix depends on the specific strategy, manager, and client requirements for each mandate.

As a fund-of-funds, Platinum's primary activity is allocating to external managers rather than executing direct co-investments. The firm does not publicly market a direct investment or co-investment program. Its value proposition is manager selection and portfolio construction, not deal-by-deal underwriting.

Platinum's historical client base centers on European institutional investors, including pension funds, insurance companies, and private banks. The firm also serves distribution partners who offer its fund-of-funds products to high-net-worth individuals. The product range is designed to meet regulatory and risk-reporting requirements specific to continental European allocators.

Platinum charges a fund-of-funds management fee and, in certain share classes, a performance fee on top of the underlying manager fees. The layered fee structure is standard for indirect hedge fund allocation. Institutional clients typically negotiate lower fee tiers than those available in the firm's retail-accessible share classes, reflecting the economics of the European fund-of-funds market.