GBL Capital is the group’s indirect private asset activity. Established in 2013, it invests in funds (typically private equity funds, but also other strategies) and co-invests in businesses for amounts up to EUR 50 million, with flexibility to invest higher amounts in exceptional circumstances
At the end of June 2025, the NAV of this activity stood at €2.5 billion, representing 18% of GBL’s portfolio.
