Duke Street announces several promotions

London-based mid-market private equity firm Duke Street has promoted Charlie Troup and Stuart McMinnies to managing partners. Also, Jason Lawford, Ben Long and James Almond have been promoted to partner. And, Miles Cresswell-Turner, who has been a partner since 2008, will now become a specialist adviser to Duke Street.


Duke Street, the mid-market private equity firm, is pleased to announce a new leadership team and three promotions to Partner.

Partners Charlie Troup and Stuart McMinnies have been promoted to Managing Partners. They will co-manage the firm alongside Peter Taylor, Duke Street’s Managing Partner since 2004.

Charlie joined Duke Street from Permira in 2006, while Stuart joined the firm earlier this year from 3i. Between them Charlie and Stuart have led the four standalone deals completed by Duke Street since the firm launched its successful deal-by-deal strategy. Charlie and Stuart will continue to focus on new deal activity going forward, while Peter will continue to take primary responsibility for portfolio management.

In addition, Investment Directors Jason Lawford and Ben Long, together with recently appointed Fundraising Director James Almond, have been promoted to Partner. Jason has played a key part in the execution of Duke Street’s recent landmark deals, while Ben has established himself as one of the leading originators of off-market deals in the mid-market space. James has recently completed the successful syndication of the One Call acquisition, after joining Duke Street from Octopus Investments.

Miles Cresswell-Turner, a Partner since 2008, will instead become a Specialist Adviser to Duke Street. Miles recently joined the Board of Non-Standard Finance PLC as a Non Executive Director and will become an Executive Director from 1 January 2016. He will continue to lead Duke Street’s interests in the education sector

Commenting on these changes, Managing Partner Peter Taylor said:
“It has been an exciting year for Duke Street. Fund VI continues to grow strongly in value. In addition, we completed our fourth transaction outside a traditional fund structure, and delivered excellent returns from the Laurel exit and partial realisation of our Baywater investment.

“The new structure of Duke Street’s senior team reflects the outstanding contribution made by all of the promotees during 2015 and puts us into an even stronger position to achieve success for ourselves and our co-investors. We are in great shape for 2016 and beyond.”

About Duke Street
Duke Street is a leading operationally focused European mid-market buyout group, founded in 1988. It invests across four sectors: healthcare, services, consumer and industrials. Duke Street has a proven model of value creation by successfully transforming businesses through implementing operational change and buy-and-build, having made nearly 60 bolt-on acquisitions for its portfolio companies. The firm is supported by its strategic partner and shareholder, Tikehau Capital, a leading alternative asset manager investing across public and private debt, equity and real estate, with EUR 6.5 billion of assets under management.