Maven Capital Partners hired Jamie Fraser as an investment manager to source and make deals, as well as help manage the 27 million pound North East Development Capital Fund. The fund is supported by the European Regional Development Fund and the 20 million pound Finance Durham Fund, established by Durham County Council. Fraser joins from Lloyds Bank, where he was a relationship director. Prior, he worked at The Bank of Scotland.
Maven Capital Partners (“Maven”), one of the UK’s most active private equity houses, has further expanded its investment team with the appointment of Jamie Fraser to help manage funds across the North East. Joining as Investment Manager to source and complete deals on behalf of Maven’s private equity funds, Jamie will also help manage the £27m North East Development Capital Fund (NEDCF), supported by the European Regional Development Fund and the £20m Finance Durham Fund, established by Durham County Council.
Jamie joins with 15 years’ of commercial banking experience supporting SMEs and mid-market clients across a range of transactions including corporate acquisitions, private equity buy-outs, restructuring and disposals, most recently for Lloyds Bank as a Relationship Director. Prior to his role at Lloyds Bank, Jamie worked at The Bank of Scotland, in a variety of client facing roles, dealing principally with mid-market clients and SMEs.
Strengthening Maven’s presence across the region, Jamie will work closely with SMEs and high growth businesses to help them evolve and achieve their growth plans. The appointment follows the recent announcement of Maven to manage the £27m NEDCF which will provide equity, debt and mezzanine funding of up to £2m to established businesses.
Maven’s North East team has been successfully investing in dynamic SMEs across the region for almost 20 years, led by Michael Vassallo, the team has also been active in the market through its management of the £20m Finance Durham Fund. Recent transactions include the £2.7m investment in intranet software specialists, Orchidsoft, and its backing of the craft distillery, Durham Gin.
Maven has significant experience of managing similar initiatives on behalf of the Northern Powerhouse and the Midlands Engine, and since 2009 has invested over £340 million in over 180 UK SMEs to support their growth ambitions.
Michael Vassallo, Investment Director of Maven said, “Jamie is a great new addition to Maven and we are delighted to welcome him to the team and strengthen the Maven brand across the North East. We have built a highly skilled team with considerable in-depth knowledge of the local SME market and a range of sector specialist knowledge that is allied to the national resource of Maven’s UK business.”
About Maven Capital Partners UK LLP www.mavencp.com
Maven Capital Partners UK LLP (Maven) is a lower-mid cap private equity house focused on the provision of growth capital and mezzanine finance to SMEs across the UK. It is one of the most active private equity fund managers in the country, managing over £415 million of assets for a variety of client funds, including Venture Capital Trusts, UK regional debt and equity funds, and Maven Investor Partners – a syndicate of institutional, family office and experienced investors.
Headquartered in Glasgow, and with ten other offices throughout the UK, Maven has nationwide coverage of the market for SME finance and is introduced to around 400 deals per year through 40 regionally based investment executives. With over 70 staff and partners, Maven executes a range of private company transactions, offers hands-on proactive portfolio management to investee companies and provides a fully integrated back-office support function to client and third party fund managers. Since 2009 Maven has invested over £347 million in SMEs across the UK.