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Evening Standard
Evening Standard
Business

Former SVG Capital fund chief drops back into City with new venture

Lady in red: new chief Lynn Fordham said things are looking more positive

Former SVG Capital chief Lynn Fordham is plotting a return to deal-making with a new private equity fund.

The well-connected City figure, who led FTSE 250-listed SVG until a 2016 takeover, has quietly launched Larchpoint Capital.

It plans to invest in EU and US private equity funds and UK-focused firm worth up to £100 million.

The London-based firm, which employs several former SVG execs, is understood to have already raised a fund from institutions and wealthy investors.

It declined to comment.

Fordham, pictured, came to prominence during a tense three-way takeover battle for SVG in 2016.

The former oil industry executive triggered a bidding war after initially turning down a £1 billion bid from HarbourVest, driving the price up by £100 million.

HarbourVest finally beat Goldman Sachs and Pomona Capital to land the deal.

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