LMS Capital is a UK-based private equity firm managed by Gresham House Asset Management (GHAM). The firm focuses on direct investments in the smaller end of the UK private equity market, aiming for absolute total returns over the medium to long term. LMS Capital typically targets a return on equity of 12-15% per annum, primarily through capital gains and supplemented by longer-term income yields.

Notable portfolio companies include Method Products and Yes To, with significant capital raised in their respective funding rounds. The firm is led by key partners from GHAM, who bring extensive experience in private equity. LMS Capital's investment philosophy centers on achieving substantial returns while providing strategic support to portfolio companies, leveraging GHAM's expertise and network to drive growth and value creation.