Rockpool

Rockpool Investments LLP (FRN 572300) is a UK FCA-authorised private markets firm, directly authorised since 5 November 2012. It offers deal-by-deal access to UK private companies via equity and loan notes, historically available through IFISA and SIPP wrappers for eligible investors. Reported aggregate investment is over £750m (company figure, 2022) and the firm's 2025 Annual Review states it deployed more than £45m in equity and debt during 2025.

So what: direct FCA authorisation means Rockpool holds its own permissions and supervisory obligations rather than acting as an Appointed Representative — but private company investments are not protected by the FSCS for market losses, and capital is at risk.

Rockpool sources and structures investments into UK private companies using equity and loan notes, presenting deals individually so investors can select specific opportunities. It has historically marketed IFISA and SIPP wrappers for eligible private debt or equity exposures.

Most opportunities require investors to qualify as high-net-worth or sophisticated. Deal-by-deal access gives investor choice but shifts portfolio construction and diversification onto the investor.

Historically: Growth Equity (minority and majority stakes) and Private Debt (loan notes to profitable businesses), with optional IFISA / SIPP wrappers where eligible. Rockpool's 2022 Annual Review reported an average realised equity multiple of 3.4x and £54m returned to investors via exits, refinancings and interest payments to date.

These are historical, retrospective and selectively-sampled outcomes — they are not guarantees of future returns, and the FCA requires return figures to be presented with context rather than as forward-looking promises.

Rockpool targets high-net-worth and sophisticated investors seeking direct exposure to UK private companies and prepared to accept higher risk and illiquidity. Onboarding includes explicit risk warnings: investors could lose all of their investment.

Private company investments are generally not covered by the FSCS for investment losses, and there is no active secondary market — value is typically realised at exit.

Rockpool is a long-established and directly FCA-authorised private markets specialist with a credible track record of realised exits in UK lower-mid-market companies, and recognition at the 2025 Real Deals awards reinforces its standing. The 3.4x realised multiple is meaningful but historic and selective. The website was unreachable during recent checks and there have been reported FCA onboarding restrictions on new customers — worth confirming current status directly before committing capital.