Hargreave Hale was established in 1988, following the merger of stockbroking business Marsden W Hargreave and Hargreave Investment Management, the latter having been founded by the current Chairman, and co-manager of the VCTs, Giles Hargreave. The business was converted to a limited company, having previously been a partnership, in 2001, at which point Investec purchased a 35% interest which remains the case today. Hargreave Hale offer a number of services including investment management and stockbroking to a range of clients.
In addition to these services, Hargreave Hale is a fund management firm, specialising in investing in small and mid-cap companies, predominantly in the UK, with a total of £8 billion of assets under management (as of ). More specifically, the small-cap team manages approximately £3 billion of assets, in which the two VCTs sit. The open-ended funds at Hargreave Hale are marketed under the Marlborough brand.