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RIT Capital Partners
Lord Jacob Rothschild's permanent capital trust, RIT Capital Partners, manages £4.4 billion across public and private markets from London.
RIT Capital Partners
Lord Jacob Rothschild founded RIT Capital Partners in 1988, evolving the legacy Rothschild Investment Trust into a publicly listed permanent capital vehicle. The trust draws on the Rothschild family's multi-generational network and investment heritage, with Dame Hannah Rothschild serving on the board today. An externalized board and a dedicated in-house investment team manage the portfolio under a mandate that prizes independence of thought and entrepreneurial drive. RIT deploys capital across a deliberately broad canvas: quoted equity funds, private equity and venture capital, absolute return and credit strategies, real assets, and direct private investments. The firm's permanent capital base permits illiquidity and patience — positions are sold at the most opportune time rather than on a fund-life clock. In its FY 2025 Private Investments Overview, the trust detailed exposures spanning enterprise software, AI, healthcare services, and renewable infrastructure. Sourcing leans on a curated network of specialist external managers that RIT has cultivated over decades. Total assets stood at roughly £4.4 billion as of the firm's most recent disclosure. Investment leadership includes Chief Executive Officer Maggie Fanari and Managing Director of Investment Policy Micky Breuer-Weil, supported by a board chaired by Philippe Costeletos. The firm's London headquarters anchors a global portfolio, while its listed structure offers public-market liquidity to shareholders. RIT publishes a monthly NAV and commentary, maintaining the disclosure rhythm expected of a London-listed investment trust. RIT's structural differentiator is its combination of permanent capital and listed-company governance. Unlike a private family office, shareholders can buy and sell the trust daily on the London Stock Exchange. Unlike a closed-end fund, there is no mandated wind-down date. This architecture lets the manager pursue illiquid private opportunities without redemption risk, while the Rothschild-origin network provides sourcing advantages that most publicly traded funds cannot replicate.
General information
Firm type
Trust / Investment Trust
Year founded
1988
AUM
£4.4 billion in total assets (per the firm, 2025)
Location
Region
Europe
Country
United Kingdom
City
London
Corporate office
London, United Kingdom
Principals
Maggie Fanari
Chief Executive Officer
Micky Breuer-Weil
Managing Director of Investment Policy
Philippe Costeletos
Chairman
Dame Hannah Rothschild DBE CBE
Non-Executive Director
Sector focus
Frequently asked questions
Who runs investment decisions at RIT Capital Partners?
Maggie Fanari serves as Chief Executive Officer and Micky Breuer-Weil is the Managing Director of Investment Policy. The in-house team works alongside a network of specialist external managers to source, diligence, and monitor positions. The board, chaired by Philippe Costeletos, provides oversight.
How does RIT source proprietary deal flow?
The trust relies on a network built over decades, dating back to Lord Jacob Rothschild's relationships. The firm states that its name opens doors to highly sought-after investment partnerships and hardest-to-access funds. Deal flow arrives through external specialist managers who bring ideas to the in-house team for diligence and selection.
Is RIT structured as a family office or an investment trust?
RIT Capital Partners is a publicly listed investment trust on the London Stock Exchange. It was formerly known as Rothschild Investment Trust. While it retains strong ties to the Rothschild family — Dame Hannah Rothschild sits on the board — it operates as a permanent capital vehicle accessible to any shareholder.
Does RIT participate in fund commitments or only direct deals?
RIT allocates across both third-party funds and direct investments. The portfolio includes quoted equity funds, private equity and venture capital funds, absolute return and credit strategies, real assets, and direct private co-investments. The trust's structure gives it flexibility to move between fund commitments and direct positions.
What is RIT's known posture on co-investments alongside external GPs?
The trust highlights direct private investments as part of its mandate and emphasizes access to opportunities unavailable to most investors. Its network of specialist external managers suggests co-investment is a deliberate strategy. Specific co-investment partners are not publicly enumerated on the firm's website.
Where does the underlying wealth come from?
RIT Capital Partners is a publicly listed entity, not a single-family pool of private wealth. The trust's heritage traces to the Rothschild family's investment activities, and Lord Jacob Rothschild was its founder. Current shareholders are public-market investors who own the trust's shares.
Does RIT maintain a formal benchmark or allocation targets?
The trust explicitly states it is unconstrained by a formal benchmark. Its flexible investment mandate permits allocation across asset classes and geographies with quality and risk tolerance as the only constraints. This distinguishes RIT from many institutional pools that must report against policy portfolio weights.
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