UK - Aberdeen has rebranded its private equity division and restructured its investment operations in a bid to establish private equity as a key division within its core asset management business.
As part of the rebranding and restructuring, Aberdeen Asset Managers Private Equity (AAMPE), formerly Aberdeen Murray Johnstone Private Equity, the investment operations have been split in two - private equity and growth capital.
The private equity team will be headed up by Francesco Santinon and will focus on mid-market deals valued between £10m and £50m throughout the UK.
The growth team, led by Bill Nixon, will focus on providing equity funding for smaller companies valued at up to £10m across the UK. Aberdeen said the team will apply a generalist cross-sector investment policy and will be investing from a range of client funds including VCT's, investment trusts and local authority pension funds, as well as sector specific funds covering the energy and biotechnology sectors.
In addition, the firm has appointed Ed Coombs, formerly a partner in a corporate finance boutique in London, and Guido Bicocchi, a senior executive in the corporate and structured finance division of the Royal Bank of Scotland. They will be based in London and Glasgow respectively.
Hugh Little (pictured), managing director of AAMPE, said: “This restructuring is designed to enable the investment teams to focus on small or mid-market deals, where they will be much better placed to achieve the individual investment objectives of our clients and will provide much more clarity to our professional intermediaries.”
This week's edition of Professional Pensions is out now.
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Removing liquidity restrictions would enable DC funds to capitalise on the potentially higher and safer returns that DB schemes have benefitted from, says Patrick Marshall.