Mid-market investor Palatine has announced three promotions across its team.
Matt Cobbold and Greta Steponaviciute have been promoted to strategic growth directors within its value enhancement team, while Janita Afzal has progressed from office administrator to junior PA.
The news comes less than two months after Palatine’s appointment of Nauman Lodhi as an investment executive.
Cobbold and Steponaviciute will oversee and support management teams across the Manchester-based firm’s buyout and impact fund portfolios to identify, prioritise and execute value creation initiatives.
Cobbold spent over two years in managerial roles at OneWeb, a subsidiary of French broadband satellite operators Eutelsat Group, which was saved from bankruptcy in 2020 with the help of the UK government.
Steponaviciute, meanwhile, has previously worked as a senior consultant for business and consultancy service Accenture, and was a board member at non-profit organisation LCLC.
“Our people are pivotal to our business and we are immensely proud of the hard work these individuals have put in across the past 12 months,” said Gary Tipper, group managing partner at Palatine.
“Their demonstrable dedication and contributions have led to these wholly deserved promotions and we are looking forward to another strong year of value creation and generating sustainable returns for our investors.”
Palatine says that these promotions follow a successful year for their two established Fund strategies, buyout and impact, along with the launch of their Growth Credit Fund.
This has been launched to address the imbalance in the availability of growth capital for high-growth, technology-driven companies in the UK.
Tipper added: “We are expecting a strong year of activity for the Growth Credit fund, which is stepping into the gap for fast-growing, regionally based technology-focused businesses looking to scale at pace without further equity dilution. The team have a very strong pipeline.”
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