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Stephen Lansdown backs Edge Investments as investor and partner

Stephen Lansdown, co-founder of FTSE100 financial services group Hargreaves Lansdown, is becoming a partner and shareholder in creative investment group Edge Investments through the private equity arm of his family office.

Lansdown, who has in the past invested in a number of Edge’s funds, is taking a 10 per cent stake in the firm and will work alongside David Glick, Edge’s founder and Chief Executive as he expands the business. Terms of the investment were not disclosed.
 
Last week Edge announced the launch of its GBP40 million Edge Creative Enterprise Fund, its largest fund-raising to date, with backing from the British Business Bank. Edge is now evaluating a number of creative industries businesses with a view to starting to deploy the fund in 2016.
 
Lansdown co-founded Hargreaves Lansdown with Peter Hargreaves in 1981 in Hargreaves’ spare bedroom. He was Chairman until 2009, and stepped down from the Board in 2012 to pursue other ventures, after successfully helping to build the business into a leading investment group and bringing it to the stock market in 2007. Today Hargreaves Lansdown has a market value of £6.7 billion.
 
Lansdown says: “I have enormous respect for the role Edge plays in funding young, fast-growing creative industries businesses. So I was delighted to take this opportunity to acquire a stake and support David and his colleagues as they develop the business. This is an industry with enormous potential for entrepreneurs and investors alike and Edge is the perfect firm to bring those two groups together successfully.”
 
Glick says: “I am very pleased that a businessman and entrepreneur with such a phenomenal track record is joining us and backing our firm. I look forward to working with Stephen and Gordon, and believe they can offer us invaluable wisdom and support as we develop Edge.”
 

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