The new NESTA (National Endowment for Science, Technology & the Arts) £50m fund for start-ups is to be overseen by a team drawn primarily from the private sector. The committee, which includes Apax partner, Adrian Beecroft and MTI CEO and managing partner, Ernie Richardson, reflects NESTA CEO Jonathan Kestenbaum’s desire to bring a commercial ethos to the way public funds are invested. Joining Beecroft and Richardson is former Deloitte partner, Ian McIsaac, an expert in global risk management and the current finance director and registered treasurer of the Conservative Party; Sherry Coutu, a serial entrepreneur and well-known early-stage technology investor, and NESTA chairman, Chris Powell.
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater