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Why British Patient Capital: Interviews, Careers, & Portfolio

Find out what makes British Patient Capital a good place for building your investing career
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    British Patient Capital Overview

    British Patient Capital started in June 2018 after the UK government’s Patient Capital Review.

    The Review showed that while the UK is great for innovation, many companies struggle to get long-term finance, which stops them from growing to their full potential.

    To address this, the British Business Bank, a government-owned development bank, created British Patient Capital as a commercial subsidiary.

    Since then, British Patient Capital has become the UK’s largest domestic investor in venture and growth opportunities.

    They invest commercially to achieve competitive returns and manage risk, focusing on the late-stage funding gap.

    They invest in sectors like:

    • Consumer Goods & Services
    • Engineering
    • Financial and Insurance Services
    • Health & Social Care
    • And many more

    British Patient Capital is based in Sheffield, England.

    British Patient Capital logo

    British Patient Capital AUM

    According to the official website of British Patient Capital, the firm has £3 billion in assets under management.

    British Patient Capital Interview Process & Questions

    Firms can always change their interview process with each candidate; however, if you interview at British Patient Capital (or a firm like it), here’s what you can likely expect:

    • ~4-6 interview rounds
    • Junior investment professionals or the HR team tend to lead initial interviews, while more senior folks conduct later rounds
    • Entire process usually lasts multiple weeks (unless it is “on-cycle” or “on-campus” recruiting)

    Interviews at British Patient Capital will combine a mixture of fit questions, behavioral questions, and technical/investing questions.

    In case you need help preparing for interviews, check out my Growth Equity Interview Guide.

    Why British Patient Capital

    “Why this firm” is one of the most common and most important interview questions

    If you’ve done networking, this is a great time to mention whoever you’ve met at the firm and how they’ve made a really positive impression on you

    One of the best ways to learn about a firm is to listen to interviews with its founders or investors.  

    For example, here’s a great discussion with R?uss Cummings, Chairman at British Patient Capital:

    YouTube video

    More Interview

    British Patient Capital Case Study

    Interviewees almost always face a case study during interviews. Case studies help firms assess your technical knowledge and ability to communicate.

    Most case studies at firms like British Patient Capital focus on financial modeling and investment recommendations. However, junior roles also often require a cold calling case study as well.

    Check out our Growth Equity Interview Guide course if you want help preparing for case studies.

    British Patient Capital Salary & Compensation

    According to Glassdoor, you can earn an estimated total pay of £30K – £32K if you’re an analyst at British Patient Capital, while there is no recent data for associate hires. Keep in mind that these figures may vary depending on your experience and qualifications.

    Analyst

    British Patient Capital salary

    British Patient Capital Careers, Jobs, & Internships

    To see open roles at British Patient Capital, check out our job board which features all open roles for them and other similar firms.

    British Patient Capital Portfolio & Investments

    According to Crunchbase, British Patient Capital has made 25 investments, 6 of which are lead investments. Some of their notable deals include Tenpoint Therapeutics, OMass Therapeutics, and Quantum Motion.

    Notable Transaction: Wagestream

    Wagestream started in 2018 to help low and middle-income households save money on essential services.

    Their platform already helps three million people, mostly shift and frontline workers, with features like interactive payslips, flexible payday options, savings tools, bill discounts, and debt advice.

    On April 17, 2024, British Patient Capital invested £7 million in Wagestream as part of a £17.5 million funding round. Other investors included Lombard Odier Investment Managers and Northzone.

    Wagestream plans to use this new funding to expand its services and become a comprehensive financial platform for low and middle-income workers.

    Next Steps

    If you choose to apply for a position at British Patient Capital and pursue a career in investing, I strongly suggest reviewing my Growth Equity Interview Guide before your interviews.

    The Growth Equity Interview Guide offers a solid understanding of topics commonly discussed in interviews, such as financial modeling and case studies.

    Explore the guide and start your preparation today!

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