London-based specialist asset manager Gresham House has started pre-marketing a £75 million fund that will invest more than a third of its capital in private equity as it seeks to expand its exposure to private equity investment in the medium term, according to its Head of Strategic Investments Graham Bird.

The firm's medium-term ambition of boosting its private equity allocation comes 18 months after Tony Dalwood was hired in as Gresham House's chief executive. He previously founded SVG Advisers.