Home > PE News > By PE Sector > Funds of Funds

UK government-backed CfEL appoints former Oxford Capital exec UK government-backed CfEL appoints former Oxford Capital exec

10 Nov 2009. Source: AltAssets
Capital for Enterprise (CfEL), the UK government’s venture capital fund of funds operation, has appointed Richard Hepper to help with the expansion of its operations and drive its future direction.

Hepper joins CfEL from venture firm Oxford Capital where he was an executive director. Prior to this he worked at the now wound down venture capital division of listed investor 3i.

Hepper said, “At a time when many businesses are looking for new sources of finance in this recession, Capital for Enterprise sits at a pivotal position within SME funding.

“I am very pleased to be joining a first-class team which is making a significant difference to real businesses around the country.”

In September, CfEL committed to Panoramic Growth Equity and Beringea. The funds are raising private capital with targets of £32.5m (€36.1m) and £30m (€33.4m), respectively.

Copyright © 2009 AltAssets

Add your comment

There are currently no comments.
Leave Comment


or close