UK - VenCap International, the independent private equity advisor, has promoted Tim Cruttenden to director, fund investments.
Cruttenden, based at the firm’s headquarters in Oxford, leads VenCap’s fund investment team.
He joined VenCap in 1994 from the Association of British Insurers, where he was an economist and statistician. Since then, he has been directly involved with the investment of over US$900m in 138 funds in the US and Europe. He also serves on several advisory boards of venture capital funds.
Michael Ashall, founder and chairman of VenCap International, said: “Tim’s knowledge of the international private equity industry, the strength of his relationships with private equity firms in the US and Europe, the respect he has earned from investors and his investment track record have all contributed to this important decision.”
VenCap International is an independent investment advisory and management company with approximately US$1bn under management. The firm manages nine private equity funds-of-funds and separate client accounts.
VenCap’s funds-of-funds invest in US venture capital funds and European venture capital and mid-market buy-out funds.
Founded in 1987, it also has an office in San Francisco, CA.
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers