KLSO

Kelso Group Holdings PLC

Retail First-pass screen £14m

290/1000 Overall fit

AI beneficiary 35% 30

Operating leverage 25% 25

Valuation 25% 30

Downside protection 15% 32

First-pass take

New investment vehicle (founded Nov 2022) with no AI exposure, concentrated in undervalued UK value stocks (THG 52.5%, retail holdings 24%). Despite 55% IRR in year 1 vs 25% target, lacks operating leverage and valuation discipline—portfolio is volatile and concentrated.

Flags

no-aino-pricingmicro-capconcentratednew-fundvolatile