Stanhope Capital, the London-based multi-family office, has ambitious plans to grow its business throughout Europe, according to a recent re...

Stanhope Capital, the London-based multi-family office, has ambitious plans to grow its business throughout Europe, according to a recent report in LesEchos. Founded more than two and a half years ago, Stanhope has around €1.5 billion ($1.8 billion) of assets under management. Daniel Pinto, one of the two founding partners of the multi-family office, said in the report that Stanhope manages the assets of around 30 European families. Mr Pinto’s other managing partner is Julien Sevaux – both of whom have had extensive backgrounds in investment banking in the world’s major financial centres. Stanhope also works closely with the American wealth manager Bessemer Trust, which has a 15 per cent stake in the London firm. "They have a pool of expertise as regards hedge funds from which we benefit. They also give us accesses to some closed-end hedge funds,” said Mr Pinto in the LesEchos interview. Mr Pinto went on to say that Stanhope has been involved in a number of original investment initiatives, including the creation of a hybrid fund, which mixed public and private equity – “located between a hedge fund and a LBO fund”. He also said in the report that Stanhope hope to launch an initiative in the art market.