The Sunday TimesThe Sunday Times

Cycling investor Nick Evans sets sights on reinventing the back wheel

By Patrick Hosking

24 Jan 2023 · 5 min read

Nick Evans gets a bit embarrassed when asked how many bicycles he owns. It’s somewhere between ten and twenty, he admits reluctantly.

The managing partner of Active Partners, the private equity firm, is a fanatical cyclist, pedalling about 125 miles a week — “I love it. It’s very liberating and gets the endorphins going. I think the bicycle is a remarkable invention” — but in his case it is more than simply a private passion. Cycling has made money for him personally and for investors in funds run by Active.

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