Alderwood Capital (Alderwood), a London-based fund manager, has formally launched to institutional investors following FCA authorisation. The firm has also announced three new hires.
Founded by Jon Little, the former founder and managing partner of Northill Capital, Alderwood seeks to provide equity capital to specialist boutique active managers through investment in GP (General Partner) stakes. The investment strategy will be deployed through a Cayman-domiciled closed end institutional fund which Alderwood plans to launch – subject to local regulatory approval – in the coming months.
Jon Little, Managing Partner of Alderwood Capital, says: “The businesses we look for tend to be too niche for public markets funding and too mature for private equity funds. However, uncovering and investing in best in breed managers requires experience, dedication and a singular approach.”
“For too long, investors have been underserved by managers distracted by multiple strategies and fundraising for new products. Alderwood is changing that. In line with our passionate belief in focus and specialisation, we only have one investment approach and plan to manage a single long term fund to deploy our strategy.”
Alderwood also announces three new hires to the business.
Rebecca Noyes joins the firm as Chief Financial Officer from Northill Capital where she was Senior Financial Controller for the group. Prior to her role at Northill, Rebecca qualified as an Accountant in 2014 and worked at Northill and its majority owner Waypoint Capital and affiliate Kedge Capital.
Kenny Mansley joins the firm as Communications Manager from Northill Capital where he held a similar role from 2011. Previously Kenny held marketing, communications and design roles at RAB Capital, Wellington Management and Serco.
Suzette Price also joins the firm from Northill Capital as Executive Assistant and office Manager. Before joining Northill in 2013 she held similar roles at Almeida Capital, Frontiers Capital and LICA Development Capital.
The appointments are effective immediately and all three will be based with the rest of the firm’s growing team in Alderwood’s new London office in Floral Street, Covent Garden.
Little adds: “I am very pleased to be working with Rebecca, Kenny and Suzette once again. These are important hires as we build out our differentiated investment offering.”
