Duke Street appoints managing partners in senior team reshuffle

Charlie Troup and Stuart McMinnies have both been promoted from partner to managing partner. They will co-manage Duke Street alongside Peter Taylor, Duke Street's managing partner since 2004.

Duke Street appointed McMinnies as a partner in its London office earlier this year. McMinnies left his role as senior partner with 3i, having joined the firm 19 years ago. Troup joined Duke Street from Permira in 2006.

According to the firm, the two managing partners have led the four deals executed by Duke Street since switching to a deal-by-deal fundraising strategy in 2012.

Investment directors Jason Lawford and Ben Long, as well as fundraising director James Almond, have been promoted to partner. Meanwhile, Miles Cresswell-Turner, who had been a partner since 2008, will instead become a specialist adviser to Duke Street.

The GP sold a 35% stake of itself to Paris-based investment firm Tikehau Group in 2013, in an effort to boost the firm's deal-by-deal model. Duke Street was at the time expected to use the fresh capital to launch a new fund focused on acquiring controlling stakes in the European mid-market.

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