Single Manager Solutions

European Equities

Pacific Viewforth European Equity Strategy aims to generate industry-leading returns over the mid- to long-term from a concentrated portfolio of ‘High Quality Inflections’

overview

The Pacific European Equity Strategy is a concentrated, ‘best ideas’ portfolio of 8-12 European mid-caps ($1-20bn market cap), investing in companies with the greatest probability of outlier risk-adjusted returns over a multi-year horizon. 

Centered on investing in 'High Quality Inflections'

The team focus on owning best-in-class operators that consistently outperform their peers, driven by adaptable, innovative, and long-term-oriented cultures. These businesses continually invest in creative, forward-looking growth opportunities, building sustainable competitive advantages that strengthen over time. Many of these companies are currently undergoing significant positive developments (inflections) that are reshaping their investment theses and creating substantial mispricings relative to their intrinsic value.

About Viewforth Investment Partners

Viewforth Investment Partners was a dedicated European equity boutique, founded by Richard Black in 2018. The team joined Pacific in 2025, with Richard accompanied by partners Edward Wotherspoon and James Ferguson. Pacific became the investment manager of Viewforth’s existing Cayman fund, which has since been renamed the Pacific Viewforth European Equity Fund. Richard has managed this Strategy since 2014, delivering gross outperformance of 3.9% per annum versus the STOXX Europe 600 Index. 

Why invest?

Investment team

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OUR PHILOSOPHY

Structured analysis and decision-making at each stage helps reduce biases, increase consistency and blend analytical rigour with creative imagination

1

High quality, resilient mid-sized European businesses

2

Exhibiting a high probability of multi-year positive optionality

3

Where valuations reflect mispricing and offer a significant margin of safety

WHAT We look for

High quality, resilient companies. Four interlinked, high-level characteristics define ‘quality’ for us and are all essential for investment

OUTLIER GROWTH

Large opportunity for high growth for many years: 10-25% per annum

WINNING STRATEGY

Strategy centred around creating "win-win-wins" for the ecosystem and powered by widening sustainable competitive advantages

Winning CULTURE

Culture that champions adaptability, innovation, long-termism and drive in pursuit of continual growth/ widening of competitive advantage

POWERFUL ECONOMIC ENGINE

Powerful economic engine that can fund the three other attributes at greater and greater speeds

METHODICAL RESEARCH PROCESS

Why Invest?

Behavioural Edge via Capital Allocation

Leverage deep research and market volatility to concentrate capital when risk-reward is truly exceptional.

Analytical Edge

A focused portfolio, small team, and structured process enable high time-per-stock.

Build Pattern Recognition

Focus solely on overlooked, high-quality European mid-caps to spot patterns in top risk-adjusted investment opportunities.

Informational Edge

Use our proprietary in-house research to gain unmatched strategic insights into companies and value chains.

Pacific is a singularly principled, long-termist independent investment management business and has won the trust of a large number of leading global institutional investors. With this partnership we have the mandate, resources and backing to put our heads down and exclusively focus on investing and delivering outstanding risk-adjusted returns.
- Richard Black, Portfolio Manager
We are really excited to welcome Richard, Edward and James to Pacific Asset Management. Their highly concentrated, specialist and hard-to-industrialise approach epitomises Pacific’s focus on alpha-generating, craft investment management, which can provide genuinely differentiated outperformance for clients. We believe that our new European equity capability and the team’s highly-active, high-conviction investment approach is an outstanding fit for Pacific and our clients.
- Matthew Lamb, Chief Executive Officer

Investment team

Richard Black

Portfolio Manager

Richard launched Viewforth in 2018 and was a founding partner at Abberton Capital, a European mid-cap, equity L/S fund with $500m AUM. He was previously and analyst focusing on European mid-caps at THS Partners, an $8bn investment management firm. Before this, he worked in the Mergers and Acquisitions department at Goldman Sachs, working on $140bn of transactions.
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Edward Wotherspoon

Director of Research

Edward has 15 years' experience in public equities, with a focus on European mid-caps. He was the Deputy Head of UK Equities at Abu Dhabi Investment Authority, where he was jointly responsible for $1bn in AUM. Prior to that he was the Director of Research for Industrials and Portfolio Manager for the North America Fund at Martin Currie, an Edinburgh-based equity manager.
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James Ferguson

Investment Analyst

James has 12 years' experience analysing differentiated qualitative and quantitative insight. He has worked for leading market research organisations, conducting proprietary research across a wide range of sectors.
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News & Insights

EM Equity Income

Emerging Markets Income: April Monthly Commentary

Emerging Markets

Emerging Markets: April Monthly Commentary

EM Equity Income

Emerging Markets Income: March Monthly Commentary

SEE ALL

find out more:

Emerging markets Documents

Pacific G10 Macro Rates

Pacific North
of South EM All Cap Equity

Alternative Risk Premia

Contact us

Speak to a member of the client team to find out more:

Mary Murphy

Global Head of Institutional Sales

Nick Lemis

Global Head of Wholesale

Seb Stewart

Head of US Institutional Sales

Jonno Ross

Associate Director

Chris King

Associate Director

Contact us

Speak to a member of the client team to find out more:

Nick Lemis

Head of UK Wholesale

Chris King

Associate Director

Jonno Ross

Associate Director