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Northern Gritstone appoints new investment manager

Northern Gritstone, a university spin-out investment business based in the north of England, has appointed Alison Maughan as investment manager.

Maughan joins Northern Gritstone’s growing investment team, led by chief investment officer, Marion Bernard, who joined the company in January. She joins after nearly four years at Deepbridge Capital specialising in life sciences and will bring deep experience and expertise in this area to the team. Her appointment follows that of Mark Wyatt, who joined Northern Gritstone as Investment Director earlier this month from Mercia Asset Management.

Launched in July 2021 by the Universities of Leeds, Manchester and Sheffield and chaired by Lord Jim O’Neill, Northern Gritstone is dedicated to investing in university spinouts and start-ups in the north of England, while delivering its philosophy of ‘profit with purpose.’

In May, it announced its first close of £210 million after its initial fundraising attracted a broad and diverse base of investors encompassing local authority pension funds, high net worth individuals and institutional investors.

The company has since announced initial investments in life sciences company, Imperagen, immersion cooling technology producer, Iceotope, and biological engineering firm, Opteran.

Maughan will be responsible for helping guide the company’s future investments and will be based initially in the Company’s Circle Square office in Manchester’s Tech District.

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