Senior executives at Aberdeen Asset Management have led a management buyout to create Maven Capital Partners, an independent private equity business.
The MBO was led by Bill Nixon, current head of investment at Aberdeen Asset Managers Private Equity. He was joined by senior executives Andrew Craig, Jock Gardiner, Stella Panu, Bill Kennedy and Andrew Ferguson. The company's investment strategy will continue to focus on private company investments and the management of client funds, including seven venture capital trusts. Maven will also continue managing funds on Aberdeen's behalf. Previously the Aberdeen private equity business was a standalone venture, which had been built up since 2004 to include £54m of VCT client funds invest...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes