Carlyle is reported to have teamed up with BAE to acquire the Devonport naval yard in Plymouth from the Ministry of Defence. The yard, at which nuclear submarines are serviced, is likely to benefit from a £25bn proposal to replace the current submarine fleet.
Anna Morrison joins from IFM Investors, where she managed the firm's fund-of-funds programme
Fund's predecessor, Isomer Capital Fund, closed on €150m in February 2016
Funding will be used to hire more staff, support product development and meet customer demand
True Core VII provides seed and early-stage capital, while True Select IV provides follow-on capital