Lower mid-market private equity firm NorthEdge has announced several changes to its leadership team to support the next phase of growth.
Michael Joseph will be stepping down, with Grant Berry moving into the role of Executive Chair.
Michael will continue to be a part of the NorthEdge family on a part-time basis, moving into the role of Senior Advisor and continuing to provide the guidance, expertise and support that has enabled NorthEdge to grow over the last ten years.
In his new role, Grant will use his extensive experience to chair the Investment Committee and will remain involved in new investment activity and investor relations.
Keven Parker will move into the joint Managing Partner role alongside Ray Stenton, while Jon Pickering will assume the role of Chief Investment Officer.
Keven will continue to take lead responsibility for the NorthEdge portfolio, alongside an increasing involvement in organisational development and investor relations. Jon will manage all investment activity for the firm and continue to lead NorthEdge’s largest investment opportunities.
These changes follow the promotions of Lucie Mills and Phil Frame to Partner roles earlier this year.
Grant Berry, Executive Chair of NorthEdge, said: “Following a hugely successful ten years, these leadership changes will support us to deliver the next phase of our growth and demonstrate our commitment to continuing to develop and evolve our team.
“On a personal note, I would like to thank Michael for his huge contribution to NorthEdge over the last ten years. As a team, we look forward to continuing to benefit from his experience and wise counsel as he moves into his new role. I would also like to welcome Keven and Jon into their new roles, which reflect their continued hard work, commitment and contribution to NorthEdge.”
Ray Stenton, Managing Partner at NorthEdge added: “I am extremely proud to see how NorthEdge has evolved over the last decade and delighted with the team we have in place across the business. These leadership changes mean we are well-placed to continue to grow strongly over the coming years, backing high-quality management teams and supporting our portfolio to build better businesses.”
