UK alternative asset manager Maven Capital Partners has appointed Ewan MacKinnon as managing partner, succeeding Bill Nixon.
As part of the senior leadership changes, Nixon has moved into the role of chair, having led the management buyout of Aberdeen Asset Management’s private equity division and established Maven as an independent firm in 2009.
MacKinnon has been a senior member of Maven Capital since 2009 and previously deputised for Nixon as fund manager for the Maven venture capital trusts (VCTs).
Read more: BVCA rebrands as UK Private Capital to reflect growth of private credit
The manager, which has invested more than £1bn in British businesses across its client funds, said the leadership changes reflect a planned succession strategy and the continued evolution of the company.
“Maven has evolved significantly since it was established in 2009, broadening its capabilities while remaining focused on supporting ambitious lower mid-market businesses,” said MacKinnon. “My priority now is to build on these strong foundations, further enhancing our product offering while continuing to deliver consistent, long-term value for our investors.”
Read more: Peers raise alarm over private markets boom and UK financial stability
According to the firm, Maven’s expanded capabilities now include VCTs, enterprise investment schemes, institutional buyout funds, regional debt and equity funds managed on behalf of the British Business Bank, and its investor partners co-investment platform.
“It has been a privilege to lead Maven since completing the management buy-out in 2009 and establishing the firm as an independent business,” said Nixon. “Over that time, we have grown into a diversified alternative asset manager with a multi-asset product set, a national footprint and a highly capable team.”
Read more: Regulatory and tax hurdles weigh on UK private credit growth
