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.
The Pensions Regulator (TPR) has granted 11 master trusts extensions to apply for authorisation, as it confirms it has received 22 applications ahead of the 31 March deadline.
Aegon Master Trust, Fidelity Master Trust and Ensign have sent off their authorisation applications to The Pensions Regulator (TPR).
Self-administered pension funds spent £15bn on payments to pensioners in Q4 2018, but received just £12bn in contributions (net of refunds), Office for National Statistics (ONS) data reveals.
Aberdeen Standard Investments (ASI) and Gresham House are to team up to form a joint venture.