One of the co-founders of Hargreaves Lansdown has become a partner and shareholder of a leading investment group.
Stephen Lansdown (pictured above) has joined Edge Investments.
Lansdown’s 10% stake in Edge, which focusses on creative industries, has been made via the private equity arm of his family office, founded with and managed by Gordon Power.
Lansdown, who is a previous investor in Edge funds, will work alongside David Glick, Edge’s founder and CEO as he expands the business.
Just last week Edge announced its largest fund raising so far. The £40m Edge Creative Enterprise Fund is backed by the British Business Bank and is now evaluating a number of creative industries businesses with a view to starting to deploy the fund in 2016.
Lansdown, who stepped down from the Hargreaves Lansdown Board in 2012 (he was Chairman up until 2009), said: “I have enormous respect for the role Edge plays in funding young, fast-growing creative industries businesses. So I was delighted to take this opportunity to acquire a stake and support David and his colleagues as they develop the business. This is an industry with enormous potential for entrepreneurs and investors alike and Edge is the perfect firm to bring those two groups together successfully.”
Glick said: “I am very pleased that a businessman and entrepreneur with such a phenomenal track record is joining us and backing our firm. I look forward to working with Stephen and Gordon, and believe they can offer us invaluable wisdom and support as we develop Edge.”
