Livingbridge opens US office

The development comes 22 months after the GP opened an office in Melbourne, which was designed to support the expansion of its portfolio companies and identify potential bolt-on acquisitions.

The new office will be led by associate director Rebecca Hooley, who has been promoted to the role of vice-president of Livingbridge US. The firm is also in the process of recruiting for a director of corporate development and strategy to be based in the US office.

Hooley has been based in the GP's London office working on the value strategy team, having joined the firm in 2015. Prior to joining Livingbridge, she was an early-stage investor at Spire Ventures.

According to a statement, around a quarter of Livingbridge's portfolio currently has operations or clients in the US market.

Livingbridge is the second UK mid-cap fund manager to expand its presence in the US in quick succession. Earlier in November, Synova Capital opened an office in New York to support its portfolio companies' expansion plans.

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