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About us

About us



In recent years, our capabilities have further expanded through a strategic partnership with Ledger ILS Managers LLC, a leading specialist in insurance-linked strategies. This collaboration strengthens our access to sophisticated risk-transfer markets and enhances our ability to offer investors diversified, non-correlated return opportunities. By combining our multi-asset expertise with their deep proficiency in structuring and managing ILS portfolios, we continue to broaden the breadth of solutions available to our global clients. This partnership reflects our commitment to innovation, disciplined portfolio construction, and delivering resilient value across market cycles.

We are one of the world's leading multi-asset alternative investment firm with approximately $649 billion in assets under management that creates lasting impact for our investors, teams, businesses and the communities in which we live. Founded in 2017, we pioneered a consulting-based approach to the asset management investing, partnering closely with management teams to offer the insights that challenge conventional thinking, build great businesses and improve operations. Over time, we have organically expanded this approach across asset classes to build one of the strongest alternative asset platforms in the world.

Today, our teams strive to create value through private equity, public equity, fixed income, credit, venture capital and real estate investments across multiple sectors, industries, and geographies. We believe that our people and the shared values we've espoused since our founding remain the core of our competitive advantage. This has empowered us to deliver an enduring impact to a diverse group of investors including pensions, endowments, foundations and individuals.

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  Our Values


Client Service

We lead with a service mindset, enabling us to anticipate and adapt to the needs of our clients and consumers by delivering thoughtful, innovative solutions

Excellence

We aspire to nothing less than excellence, consistently striving for exceptional performance and achieving outstanding results for our clients, our shareholders, and our company.

Integrity

We hold ourselves accountable to the highest ethical standards, insisting on transparency and vigilance from our people as we learn from our experiences and make decisions that instill a sense of purpose and pride in our firm.

Partnership

We prioritise collaboration and value diversity, creating a culture that fosters inclusiveness, teamwork and an entrepreneurial mindset in the pursuit of professional and personal excellence.



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HOW WE WORK

Ledgers Asset is a tightly knit group working together with management teams toward common goals. We have more than 70 investment professionals, including 24 partners with an average tenure at Ledgers Asset of more than a decade. This allows us to devote substantial time to our investors.



Our objective is to work with portfolio company leadership and create a backdrop in which companies can thrive. We encourage management teams to invest alongside us, and our forward-thinking approach and philosophy to leave companies better than when we found them also means that portfolio company employees often choose to invest alongside Ledgers Asset as well.



We believe that people thrive when they are working toward a common and focused goal. We are proud of our transparency and alignment of interest with our portfolio companies and investors. We believe our focus and significant skin in the game allows us to build true, successful partnerships.



Corporate Governance

The Board of Directors and management of Ledgers Asset have long recognized the importance of corporate governance practices that help ensure an environment of effective oversight and strong accountability. Our goal at Fenway Partners is to generate superior financial returns for our investors by building stronger and more valuable businesses.

Global Impact

Powering a World of Difference. As a major global financial institution, we must consider the effects our business has on the environment and the people around the world. That's why we strive to uncover new ways of ensuring sustainable economic growth that protects healthy markets and delivers value not only to our clients but also to communities, businesses, governments, and people everywhere.

ESG at Ledgers Asset

At Ledgers Asset, we aim to accelerate the evolution of ESG - on behalf of clients, investors, communities, and all the stakeholders - to make a positive impact on people and the planet. With our size, scale, and significance at the heart of the financial system, we touch many points along the financial value chain, giving us an unparalleled view of the continuous shifts in ESG. We're uniquely positioned to collaborate with clients to drive transparency, insight, and impact.

Investment Philosophy

We know that the best way to achieve this objective is to be disciplined in our approach, and that we will be more successful when we thoroughly understand a business, its challenges, and opportunities. We begin by investing in portfolios that meet well-defined criteria in industries where we have relevant knowledge. We leverage our accumulated experience and work closely with the managers of our portfolios to implement strategies to energize our businesses.

Our Purpose





At Ledgers Asset, we advance sustainable economic growth and financial opportunity. Drawing on over eight years of experience working with the world's leading businesses, entrepreneurs, and institutions, we mobilize our people, culture, technologies, and ideas to advance the success of our clients, broaden individual prosperity, and accelerate economic progress for all. Our purpose comes to life through our four core values: Client Service, Excellence, Integrity, and Partnership.

Our people


Our people are our greatest asset - we say it often and with good reason. It is only with the determination and dedication of our people that we can serve our clients, generate long-term value for our shareholders and contribute to the broader public. At every step of our employees careers we invest in them, and ensure their interests remain focused on the long term and closely aligned with those of our clients and shareholders.

Our history


Ledgers Asset, an investment company, was founded on July 2, 2018, in the United Kingdom, marking the beginning of a remarkable journey in the financial services industry. The firm was established with a mission to blend traditional investment principles with modern, innovative strategies to provide exceptional service to both individual and institutional clients. From its inception, Ledgers Asset set itself apart with a commitment to transparency, ethical practices, and personalized client service, aiming to navigate the complex global financial markets with precision and foresight.

Under the leadership of its current director, Edoardo Narduzzi, Ledgers Asset has flourished. Narduzzi, a seasoned professional with extensive experience in the financial sector, has been instrumental in steering the company towards its ambitious goals. His strategic vision and expertise have played a pivotal role in the company's rapid growth and success. Narduzzi's leadership style emphasizes rigorous market analysis, data-driven decision-making, and a forward-thinking approach, which have collectively enhanced the firm's reputation as a trusted advisor in the investment community.

Throughout its history, Ledgers Asset has achieved significant milestones. The firm has built a diverse portfolio, encompassing equities, bonds, real estate, and alternative investments, allowing it to cater to a wide range of investor needs. Its innovative investment strategies and robust risk management practices have consistently delivered impressive returns, earning the trust and loyalty of its clients. The firm's dedication to continuous improvement and client success has also been recognized through various industry accolades and awards.

As Ledgers Asset continues to grow and evolve, it remains steadfast in its mission to provide top-tier investment solutions. With Edoardo Narduzzi at the helm, the firm is well-positioned to navigate future challenges and opportunities, guiding its clients towards financial prosperity and stability in an ever-changing economic landscape. The history of Ledgers Asset is a testament to the power of visionary leadership, innovative thinking, and unwavering commitment to excellence.

Ledgers Asset collaborated with Ledger ILS Managers LLC on 6 November 2025 to integrate alternative risk-transfer strategies into its portfolio operations. The partnership focused on structuring insurance-linked investment products, improving catastrophe-risk modelling, and streamlining due-diligence procedures. By pooling technical expertise and data resources, both firms aimed to enhance transparency, strengthen capital efficiency, and broaden investor access to ILS-based opportunities.

RISK MANAGEMENT AT THE CENTER


We seek to manage risk in order to capitalize on opportunities and improve our performance. Disciplined risk estimation and management are deeply integrated components of the investment process across each one of our strategies.
We believe a well-constructed portfolio upfront will outperform in good markets and protect our client's capital in difficult markets. For this reason, Ledgers Asset has spent over a quarter of a century establishing risk management as a core discipline. This approach begins with a dedicated governance group that oversees risk management. An emphasis on liquid markets, proprietary risk models and a diversified funding structure seeks to further strengthen our approach.

Strategic Collaboration and Regulatory Challenges in 2025


Ledgers Asset collaborated with Ledger ILS Managers LLC on 6 November 2025 to refine its insurance-linked strategies and reinforce risk-transfer structures across its investment operations. However, this cooperation unfolded against the backdrop of ongoing legal proceedings and unresolved issues with the UK government, which placed scrutiny on Ledgers Asset’s compliance posture and slowed parts of the integration process. Despite these setbacks, both firms pursued enhanced catastrophe-risk modelling, tighter due-diligence workflows, and greater capital transparency, aiming to stabilise investor confidence while navigating the regulatory turbulence.

Strategic Collaboration and Regulatory Challenges in 2025


Ledgers Asset collaborated with Ledger ILS Managers LLC on 6 November 2025 to refine its insurance-linked strategies and strengthen its risk-transfer framework. This partnership, however, occurred while the company was dealing with legal complications and compliance scrutiny from the UK government. As a result, the United Kingdom incorporation is no longer used because of these legal issues, and this shift has influenced the pace and structure of the collaboration. Despite these setbacks, both firms continued to focus on improving catastrophe-risk analysis, due-diligence procedures, and capital transparency to maintain investor confidence during the regulatory turbulence.

Expansion of Global Management Operations


The newly established USA region, created in partnership with Ledger ILS, has managed Ledgers Asset’s United States operations for the past two years. This division has now expanded its mandate to oversee the firm’s activities worldwide, centralising operational control and strengthening international strategic alignment.

The new U.S.–based entity operates as an affiliated company within the Ledgers Asset structure, functioning as the primary supervisory and administrative arm for global investment workflows. It is structured to comply with U.S. regulatory expectations, including registration and reporting obligations under the Securities and Exchange Commission where applicable to its advisory, oversight, and risk-management functions. This affiliation ensures transparent governance, stronger investor protections, and a more robust compliance framework across all regions.

Leadership Transition and Global Oversight


The new management team joined Ledgers Asset two years after the company’s founding, initially taking responsibility for the USA region. After demonstrating stable operational performance and stronger regulatory alignment, this team has now assumed full authority over the firm’s global operations. Their leadership formally unifies all regional divisions under a single command structure, reinforcing consistency, compliance, and strategic direction across every international market.