Legal & General appoints Head of Venture Capital Investing
Legal & General Capital (LGC) has appointed Peter Maher as Head of Venture Capital (VC) Investing, supporting the growth of its SME Growth Equity platform.
Within its VC platform, LGC now has 20 active funds under management, worth GBP230 million, having added five new funds to its portfolio over the last 12 months.
Through its SME Growth Equity platform, LGC has continued to invest in the real economy via start-up businesses in the UK and Europe. During a challenging time for smaller scale companies and newly formed businesses, LGC has remained committed to providing funding for over 300 companies, delivering enhanced returns whilst boosting job creation.
As part of its wider commitment to fostering innovation and technology advancements, LGC’s portfolio includes major European and global VC funds such as Balderton Capital, LocalGlobe, Dawn Capital and Sofinnova Partners, as well as NorthZone which incubated Hopin, the virtual events platform which became the fastest European “double unicorn” in history.
Maher has joined LGC from Cambridge Associates’ London office, where he led the team dedicated to European private equity, growth equity, VC fund manager origination, evaluation, and execution. Prior to that, he managed investment portfolios for private families in the US and Europe as a Director in Cambridge Associates’ Boston office. In his new role at LGC, Peter will develop and implement the strategy for LGC Venture Capital’s next stage of growth across all its existing and future VC investments.
Jasan Fitzpatrick, Managing Director of Principal Investing, says: “As we look to continue to grow and strengthen our Venture Capital investment arm, we are delighted to welcome Peter to the team. Peter brings with him extensive experience in originating VC investments and will help us continue to invest in new ground-breaking technologies and research which will help deliver job creation whilst ensuring the UK remains at the forefront of innovation.”