Beringea has beefed up its UK investment team with three new additions. Eyal Malinger is joining the firm as investment director while Olivia Cramer and Philip Edmondson-Jones have been hired as associates. Previously, Malinger worked at Countrywide PLC while Cramer was at Bank of America Merrill Lynch and Edmondson-Jones worked at OC&C Strategy Consultants.
22 September 2016: Venture and growth investor, Beringea, has strengthened its UK investment team with three new hires including Investment Director, Eyal Malinger. These appointments continue the growth in the investment team over the last 18-months, linked to an increase in funds under management.
Eyal Malinger joins Beringea from Countrywide PLC where he oversaw investments in Property Technology. Having also held positions at Oaktree Capital and McKinsey & Company, he has a proven track record of identifying and managing investments, working with entrepreneurs and growing businesses.
At Beringea, he will be leveraging his expertise in a number of technology verticals to help diversify Beringea’s investments and execute new deals as well as assisting portfolio companies to deliver growth. He will also sit on the boards of Perfect Channel and Poq, two of Beringea’s high growth technology investments focusing on online auctions and app commerce.
Strengthening the investment team further are Olivia Cramer and Philip Edmondson-Jones who join Beringea as Associates. Olivia previously worked for Bank of America Merrill Lynch and Philip joins from OC&C Strategy Consultants. At Beringea, they will be responsible for sourcing and analysing new deals, due diligence on potential investments and monitoring portfolio companies.
The news follows several appointments announced in the second half of 2015 – including Investment Director Maria Wagner and Associate Rob Dagger. The continued growth of the team will support the increasing amount of funds under management from Beringea’s UK office, now totalling £170 million in over 40 portfolio businesses.
“It is fantastic to be able to support the growth of our business with these new appointments,” said Stuart Veale, Managing Partner at Beringea. “Our focus on high growth businesses in a range of sectors means that we have a diverse and exciting portfolio which Eyal’s knowledge and experience will enable us to expand further. Adding two high calibre Associates into the existing team will further support our Investment Directors and are a key element of our growth strategy for the next few years. I am extremely excited for the future with these new hires in place.”
Eyal Malinger said: “This is a great time to join Beringea. The firm has expertly selected a range of successful entrepreneurs to back with growth capital, leading to strong returns and an enviable portfolio over the last few years. In turn, this has driven strong incremental growth in funds under management, meaning Beringea now manages one of the country’s biggest evergreen venture and growth capital funds. I hope to use my background to add value to the team, helping drive continued success in this exciting work, which ultimately contributes to a thriving UK economy.”
Eyal Malinger – Investment Director
Eyal is responsible for sourcing investments, executing deals and monitoring portfolio companies. He currently sits on the boards of Perfect Channel and Poq.
Prior to joining Beringea, Eyal was director of Corporate Development at Countrywide PLC where he oversaw investments in the Property Technology sector ,helped set up Countrywide’s analytics capabilities and managed its investment management division. Prior to this, he was Vice President with Oaktree Capital’s European private equity fund and a consultant with McKinsey & Company.
Eyal began his career as a software engineer developing advanced telecommunication solutions.
Eyal has an MBA from Harvard Business School and Bachelor’s degree in Computer Science from the Interdisciplinary Centre Herzliya.
Philip Edmondson-Jones – Associate
Philip is responsible for sourcing and analysing new deals, due diligence on potential investments and monitoring portfolio companies.
He previously worked as an Associate Consultant at OC&C Strategy Consultants on projects spanning a wide range of sectors, for both corporate and private equity clients. He also has experience working at the Bank of England and Bank of America Merrill Lynch.
Philip studied at Cambridge University, where he earned a BA in Economics and Management Studies.
Olivia Cramer – Associate
Olivia is responsible for sourcing and analysing new deals, due diligence on potential investments and monitoring portfolio companies.
Olivia began her career in Bank of America Merrill Lynch’s UK investment banking team covering a range of sectors. She has also spent time working for Endeavor, a global NGO that supports entrepreneurship in growing and emerging economies. She holds a BSc in Economic History from the London School of Economics.
Beringea is a venture and growth capital investor in high growth businesses, with £450m ($600m) under management and 60 portfolio companies. Based in London, UK, and Michigan, U.S., Beringea is able to invest between £1m – £20m into businesses looking for a supportive growth partner.
With £170 million managed from London, and over 40 portfolio businesses, Beringea’s UK team manages one of the country’s biggest evergreen venture and growth capital funds. The team of highly experienced investors has a great track record across a variety of sectors, and has demonstrated a consistent ability to identify winning companies and outstanding management teams.