# Scottish Equity Partners

Scottish Equity Partners is an Asset Manager based in Glasgow, Scotland, United Kingdom.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Glasgow, Scotland, United Kingdom
- **Region:** Europe
- **Address:** London, United Kingdom
- **Founded:** 2000
- **Assets under management:** Undisclosed
- **Website:** www.sep.co.uk
- **LinkedIn:** https://www.linkedin.com/company/scottish-equity-partners
- **Wikidata:** Q7437716

## Regulatory record

- **CRD number:** 161989
- **SEC file number:** 802-114227
- **Registration status:** ACTIVE
- **Latest Form ADV filing:** 2025-06-11T05:00:00.000Z
- **Reports private funds:** Yes
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/161989

## About

SEP invests in the future of enterprise technology. They back companies solving complex challenges for the world’s largest organisations. For 25 years, they have invested in standout technology companies and believe the next generation of enterprise leaders will emerge at the intersection of data, AI, and human ingenuity.

## Sectors

- Enterprise Software
- AI/ML
- FinTech
- Cybersecurity
- InsurTech
- Digital Health
- Industrial Tech
- RegTech
- LegalTech
- ClimateTech

## Offices

- Glasgow, United Kingdom

## People

- Calum Paterson — Chairman & Senior Partner
- Angus Conroy — Managing Partner
- Keith Davidson — Managing Partner

## Questions

### Who runs investment decisions at Scottish Equity Partners?

Investment decisions are made by the partnership group led by Chairman and Senior Partner Calum Paterson and Managing Partners Angus Conroy and Keith Davidson. Director Martin Brennan heads deal origination, giving the firm a dedicated sourcing function within its 16-person investment team.

### How does SEP source enterprise technology deals?

SEP employs a dedicated Head of Deal Origination, Martin Brennan, to lead sourcing alongside the broader investment team. The firm's 25-year presence in UK and European enterprise technology has built a network that includes repeat founders, industry advisors, and corporate relationships within large-enterprise procurement ecosystems.

### What investment stages does SEP target?

SEP targets expansion-stage, late-stage, and management-buyout opportunities in enterprise technology. The firm seeks companies that have achieved product-market fit and face the specific challenges of selling into large organisations — procurement hurdles, security reviews, and long implementation cycles — rather than early-stage venture risk.

### Which sectors does SEP avoid?

SEP concentrates on enterprise technology and does not list consumer internet, direct-to-consumer, or non-tech sectors among its focus areas. The portfolio is exclusively B2B, with companies that sell software, AI, data, or compliance tools to large organisations.

### How is SEP's sustainability practice structured?

SEP publishes an annual sustainability report that covers environmental, social, and governance activities at the firm and portfolio level. The report is a public document released on the firm's website, but SEP does not describe a separate philanthropic foundation or impact-investing vehicle.

## Related profiles

- [Scottish Enterprise](https://altss.com/profile/scottish-enterprise)
- [Scottish Friendly Assurance Society](https://altss.com/profile/scottish-friendly-assurance-society)

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Last updated: 2026-08-11T15:08:04.536Z

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