Palatine Promotes Trio to Drive Value Creation
People | Jan 21, 2025 | Business Cloud
In a significant development for mid-market investment firm Palatine, three team members have been promoted to pivotal roles. Matt Cobbold and Greta Steponaviciute have been elevated to strategic growth directors within the company's value enhancement team. Their roles involve overseeing value creation initiatives across the firm's buyout and impact fund portfolios. Another notable advancement is Janita Afzal's progression from office administrator to junior personal assistant. The promotion follows a recent appointment of Nauman Lodhi as an investment executive. Cobbold joins with managerial experience from OneWeb, while Steponaviciute brings her consulting background from Accenture and board experience from the non-profit sector. The firm is focused on value creation and sustainable returns, highlighted by its recent launch of a Growth Credit Fund, aimed at providing growth capital to technology-driven companies. The firm anticipates strong activity for this new fund, emphasizing its commitment to scaling technology-focused businesses in the UK without further equity dilution.
Sectors
- Private Equity
- Investment Management
- Technology
Geography
- United Kingdom – Palatine is based in Manchester, UK, and their new Growth Credit Fund aims to support UK-based technology-focused businesses.
Industry
- Private Equity – Palatine is a private equity firm, and the article discusses their internal team promotions and strategic initiatives.
- Investment Management – The article highlights Palatine's investment strategies, specifically their buyout and impact fund portfolios, and the launch of a new Growth Credit Fund.
- Technology – The Growth Credit Fund launched by Palatine targets high-growth technology-driven companies, addressing a gap in growth capital availability.
Financials
- 45 million – Fundment raise as mentioned by a former BlackRock figure, though specifics not tied to Palatine's direct activities.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Palatine | Private Equity Firm | Company | A mid-market private equity firm focusing on value creation and sustainable returns with buyout, impact, and growth credit funds. |
| Matt Cobbold | Strategic Growth Director | Person | Promoted to strategic growth director, previously in managerial roles at OneWeb. |
| Greta Steponaviciute | Strategic Growth Director | Person | Promoted to strategic growth director, with previous consultancy experience at Accenture. |
| Janita Afzal | Junior Personal Assistant | Person | Promoted from office administrator to junior PA. |
| Nauman Lodhi | Investment Executive | Person | Recently appointed as an investment executive at Palatine. |
| OneWeb | Previous Employer | Company | A subsidiary of Eutelsat Group, a company in which Matt Cobbold held managerial roles. |
| Accenture | Previous Employer | Company | A global business consultancy where Greta Steponaviciute worked as a senior consultant. |
| LCLC | Previous Employer | Non-Profit Organization | An organization where Greta Steponaviciute served as a board member. |