The change of senior leadership is part of a planned succession strategy, reflecting the continued evolution of the business, and importantly ensures long term continuity for investors, portfolio companies and other stakeholders.

Mr MacKinnon has been a senior member of the Maven team since 2009 and has been integral to its growth and regional expansion over that time. A highly experienced investor, he has led numerous transactions across multiple sectors,  played a key role in the development of Maven’s product offering and, over the last seven years, has deputised for Mr Nixon as fund manager for the Maven VCTs. As managing partner, Mr MacKinnon will focus on delivering Maven’s long term vision and strategic direction.

In 2009, Mr Nixon led the management buyout of Aberdeen Asset Management’s private equity division, establishing Maven as an independent firm. Since then, the business has evolved into a diversified alternative asset manager with national reach and a strong regional presence across the UK.

Maven’s expanded capabilities now include Venture Capital Trusts (VCTs), Enterprise Investment Schemes (EIS), Institutional Buyout Funds, Regional debt and equity funds managed on behalf of the British Business Bank, and its Investor Partners co-investment platform which offers access to curated private equity and real estate investments on a deal by deal basis. This broad product offering  enables Maven to support businesses across the lower-mid market while serving a broad and growing investor base.

Today, Maven operates from 11 offices across the UK and employs more than 120 professionals and has invested over £1 billion in more than 600 ambitious British businesses across its client funds.

Mr MacKinnon, newly appointed managing partner of Maven, said: “I am very proud to be to taking on the role of managing partner at Maven. Firstly, I must express my appreciation to Bill for his incredible contribution to the business and for all of his support over the past 17 years.

“Maven has evolved significantly since it was established in 2009, broadening its capabilities while remaining focused on supporting ambitious lower mid-market businesses. My priority now is to build on these strong foundations, further enhancing our product offering while continuing to deliver consistent, long-term value for our investors.

“I look forward to working closely with Bill in his new role as chair to drive the next phase of Maven’s growth with the same entrepreneurial approach that has defined the firm since its inception.”

Mr Nixon, newly appointed as Maven’s chair, said: “It has been a privilege to lead Maven since completing the management buy-out in 2009 and establishing the firm as an independent business. Over that time, we have grown into a diversified alternative asset manager with a multi asset product set, a national footprint and a highly capable team.

“Succession planning has always been a priority for the partnership, and Ewan’s appointment reflects a carefully considered and planned strategy. He has played a central role in Maven’s development and is well placed to lead the firm through its next phase of growth.

“As chair, I will remain closely involved in supporting the business and its development while ensuring continuity for our investors and stakeholders. I am confident that Maven is strongly positioned for the future under Ewan’s leadership. He brings deep experience and a genuine commitment to our people and investors, which should serve the business well in the years ahead.”