Campbell Lutyens advises Three Hills on strategic partnership with British Columbia Investment Management Corporation
Campbell Lutyens served as financial advisor to Three Hills, a private markets investment firm specialised in providing bespoke capital solutions to entrepreneurs and management teams in Europe and North America, in its strategic partnership with British Columbia Investment Management Corporation (“BCI”), one of Canada’s largest institutional investors. Under the terms of the agreement, BCI will take a strategic minority investment to support Three Hills’ long-term corporate development and growth objectives.
The partnership represents a natural evolution for Three Hills. Established in 2013, the Firm has continued to execute a disciplined growth strategy, successfully expanding its investment verticals. This includes the launch of Three Hills Impact and Three Hills Credit Opportunities, while also raising its largest-ever fund in the core Capital Solutions strategy, resulting in total assets under management (AuM) of over EUR 3 billion. From its headquarters in London, Three Hills has also expanded its global presence with professionals located across Luxembourg, Milan, New York, Madrid and Paris. Upon completion, BCl’s strategic minority investment will support the Firm’s growth trajectory, with the capital primarily allocated towards strengthening balance sheet capacity and funding new strategic initiatives.
Under the new partnership structure, Three Hills’ Partners and employees will retain majority ownership and operational independence, with no impact on the day-to-day management or investment decisions. Mauro Moretti will continue in his role as Chief Executive Officer, while Leks de Boer will remain Chief Financial Officer with overall oversight of the Firm’s Finance. Risk and Compliance functions.
The transaction is expected to close in the second half of 2025, subject to customary closing conditions and regulatory approval.
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