Chelverton Asset Management (CAM) has appointed Richard Bucknell as investment director in its unquoted equities team.
The team is responsible for sourcing and executing quality investment opportunities in private UK companies for a range of high net worth (HNW) investors and private investment offices.
Bucknell (pictured), an experienced private equity investor, has been working with CAM as a consultant since September last year and will report to CAM’s managing director, David Horner.
Prior to CAM, Bucknell led more than 20 new investments in small and medium-sized enterprises, and has previously held senior investment management positions with Barclays Ventures, ISIS Equity Partners and Catapult Venture Managers.
CAM launched the Chelverton Investor Club, an exclusive private members club for HNW individuals, last year. Since launching the club, CAM has seen a significant uplift in unquoted investment activity. Bucknell will lead transactions of equity investment of between GBP500,000 and GBP3m on behalf of Investor Club members, and will also help to identify and transact larger equity investments on behalf of those amongst CAM’s unquoted equity clients requiring bespoke investment solutions.
Bucknell says: “It’s a really exciting time to be joining Chelverton, with the equity gap under-served by the more established private equity community. It’s also an area of the market where investors recognise that good returns can be delivered, with business valuations at sensible levels and company growth prospects looking better than for some years. HNW individuals can access these opportunities through the Investor Club, and we’re seeing strong levels of new investor interest.”
