Alliance Trust shuts private equity shop

The firm was set up in 2006 when Alliance Trust acquired the shareholding of Albany Venture Managers Ltd, an amalgamation of three venture capital funds founded in 2000 with committed equity of £25m. The respective managers joined to lead Alliance Trust's then new private equity team.

Alliance Trust Equity Partners backed two UK businesses in 2008: it led a £2.6m round into Digital Healthcare, and it participated in an £8m series-C round for Ranier alongside FirstVentures.

Around two years ago, the outfit told unquote it was seeking 20 GPs to invest in.

The firm is winding down over the next few months ‘in order to maximise the returns to the shareholders.' The move is part of a strategy which will see Alliance Trust focus on its equity and fixed income products.

Alliance Trust Equity Partners employs six people and managed £110m at the end of February.

 

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