PXN Investments has officially launched its new UK asset management platform with the acquisition of Newcastle-based firm Hadrian Asset Management, establishing an immediate regional presence and signalling ambitious plans for growth.

The newly formed PXN Investments, backed by private capital, enters the market with a stated aim to build a modern, scalable investment offering for private clients, advisers and institutions. Its first acquisition — Hadrian Asset Management — brings an established track record, a loyal client base and £undisclosed AUM into the group.

Hadrian, founded in 2009, specialises in discretionary portfolio management and model portfolio services for retail and intermediary clients across the North East. The existing leadership team will remain in place and continue running the business, while benefiting from PXN Investments’ backing to expand distribution and enhance its investment infrastructure.

PXN Investments said the launch comes at a time of rising demand for regionally focused asset management options, with a particular emphasis on accessible discretionary management for advisers outside London.

A spokesperson for PXN Investments commented:

 

“We see a significant opportunity to build a fresh, progressive asset management business that supports both advisers and private clients across the UK. Hadrian Asset Management shares our values, our investment philosophy and our ambition — making it an ideal first acquisition as we establish our national presence.”

 

The group confirmed that further acquisitions are planned as part of a broader buy-and-build strategy, but did not disclose timelines or target criteria.