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About Us

Alpheus Capital is a single family private equity investment office.

Alpheus Capital was formed in the 2000s to manage the alternative asset programme for a European single family office, primarily focusing on opportunities in the UK, Western Europe, USA/Canada, Asia and Australasia. 

Operating out of offices in London, UK and Charlotte, NC, USA our main aim is to make direct co-investments alongside private equity sponsors/managers in growth capital opportunities in the mid-market. To date, we have commitments and investments across a diverse range of private equity funds, secondary funds and direct co-investments.

Investment Portfolio

Our primary focus is on growth capital investment opportunities in the mid-market.

To date we have commitments across a diverse range of private equity funds, secondary funds and direct co-investments.

Private equity funds: commitments to smaller niche private equity funds (under €400m in fund size).

Co-investments: our direct co-investment portfolio covers a variety of different industries where we have invested
alongside a number of private equity fund and ‘deal by deal’ sponsors/managers.

Geography: our portfolio is diversified globally across UK, Western Europe, USA/Canada, Asia and Australasia.

Example Industries

We are generally industry agnostic, but example industry sectors in our portfolio include:

We are generally industry agnostic, but example industry sectors in our portfolio include:

Energy

Education

Healthcare

Financial

Industrial Services

Industrial Manufacturing

Business Services

Investment Criteria

1
Type
Funds: Further commitments to private equity funds will only be considered on an opportunistic basis.
Co-investments: Core focus is on direct co-investments in attractive growth businesses alongside proven private equity sponsors/managers.
2
Stage
Funds: Preference for fund sizes of less than €400m in a niche sector or geography.
Co-investments: Growth capital opportunities, i.e. not venture or early stage companies.
3
Size
Funds: Commitments ranging from €10m to €20m.
Co-investments: Investments ranging from €3m to €10m in any one deal, in mid-market companies with Enterprise Values of up to €100m.
Depending on the opportunity, we can be flexible around these parameters.
4
Geography
Funds and co-investments: Focused on UK, Western Europe, North America, Asia and Australasia.
5
Industry
Funds & co-investments: Generally industry agnostic.

If you have an opportunity that you think we might be interested in, please contact us.

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The Team

The Alpheus Capital team comprises Christo Leventis, Mike Pappas, Rob Morrish and Oliver Lombardi,
supported in the London office by Arielle Jelliff.

Christo Leventis

Chairman

Christo set up Alpheus Capital in 2003 and is a Non-Executive Director of Coca-Cola Hellenic.  Prior to this Christo was an equity research analyst at JP Morgan Securities focusing on the European beverage sector and an investment analyst with Credit Suisse Asset Management. Christo holds a degree in Classics from University College London and an MBA from the Kellogg School of Management, Chicago.

Mike Pappas

Managing Director

In 2003 Mike set up Alpheus Capital together with Christo Leventis having been advising precursor entities to Alpheus Capital since the early 1990s.  Prior to this he was with the M&A team at Bank of America (formerly NationsBank Investment Banking Group). Mike is a co-founder of Frontier Capital, Charlotte, NC, USA and former Director of Kudos IFS Ltd, Aberdeen, Scotland. Mike currently holds a number of directorships in a variety of companies and sits on the Advisory Committee of a number of private equity firms throughout the Alpheus Capital geographic footprint. He is a member of the Institute of Chartered Accountants of Scotland (CA) and has a degree in Law (LLB) from the University of Aberdeen, Scotland.

Rob Morrish

Investment Director

Rob joined Alpheus Capital in 2009 as an Investment Manager. He was formerly focused on direct private equity investing as part of the ABN AMRO Merchant Banking team in London (latterly RBS Equity Finance) and before that he was with the M&A team of Deutsche Bank, London. Rob has a degree in Economics from the University of Edinburgh.

Oliver Lombardi

Investment Analyst

Oliver joined Alpheus Capital in 2018 as an Investment Analyst. Prior to this Oliver worked in the M&A team of Deloitte, Edinburgh and before that he trained in Audit with EY, Glasgow. Oliver is a member of the Institute of Chartered Accountants Scotland (CA) and holds a MA Accounting and Business from the University of Edinburgh.

Arielle Jelliff

Administration Manager

Arielle Jelliff joined Alpheus Capital in 2015 as the Administration Manager. She has a wealth of experience in a support role at private equity firms, boutique hedge funds and investment banks. Arielle has a degree in Politics & Social Policy from Newcastle University.