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24/11/2014

FW Capital boosts North East team

FW Capital has strengthened its team in the North East with the appointment of Investment Executive, Keith Charlton.  A qualified Chartered Accountant, Keith will make investments from the North East Growth Plus Fund, which FW Capital has managed since 2010.

With over 12 years’ venture capital and investment experience, Keith was previously NEL Fund Managers’ Finance Director.  Having held the post of Finance Director at a number of SMEs in the North East, he has experience of securing and exiting investments.  He has also held a number of other fund-raising and consultancy roles.

Newcastle-based Keith will now work closely with Michael Vassallo who has recently been promoted to Senior Investment Executive.

Keith will use his extensive experience to identify and structure debt, mezzanine and equity investments from the Growth Plus Fund which is one of seven funds in the ground-breaking Finance For Business North East programme.

FW Capital’s recent investment in Pacifica Group is the programme’s 650th investment.

“FW Capital is now a well-regarded and award-winning fund manager in the North East.  Over the last five years, it has backed numerous businesses throughout the region, significantly boosting their prospects.  It has also backed them through tough times and established a reputation for adopting a flexible approach. 

“I’m pleased to join the company at an exciting time and I’m looking forward to working with my contacts to ensure even more businesses make the most of the funding and expertise on offer from FW Capital,” Keith explained.

Welcoming Keith to the team, Fund Manager Joanne Pratt said: “Since launching the North East Growth Plus Fund in 2010, FW Capital has continued to expand its presence in the North East.  We started investing the pioneering Tees Valley Catalyst Fund in 2013 and its remit has recently been extended to the whole of the North East.

“Keith is an important addition to the team.  He has an impressive track record and brings a valuable blend of expertise and experience gained from having worked in investment as well as for businesses that have secured investment.  He’s also well-networked in the finance and business community locally.”

SMEs seeking investment can contact Keith at FW Capital’s Newcastle offices at Clavering House, Clavering Place, Newcastle upon Tyne, NE1 3NG.

North East Growth Plus Fund