British Business Bank appoints new head of patient capital activities
THE BRITISH Business Bank (BBB) has named Catherine Lewis La Torre as chief executive of its commercial patient capital activities. In this role, Lewis La Torre (pictured) will be responsible for allocating long-term financing to businesses across the UK.
British Patient Capital invests £2.5bn of government funding in UK venture and growth capital. It also manages £500m in managed funds, designed to boost the amount of patient capital available to the UK’s high-growth businesses.
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“I am thrilled to be taking on this important role to lead the patient capital activities within the Bank’s commercial arm and being a visible leader for these initiatives,” said Lewis La Torre.
“I am looking forward to working alongside an experienced and dynamic team to increase the volume, diversity and accessibility of longer-term finance so that more businesses can raise the capital they need to achieve their growth ambitions.”
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Lewis La Torre joined the British Business Bank Group in 2016 from Cardano Risk Management, where she was head of private equity. She had previously worked in both venture capital and private equity fund management. She will maintain her existing role as chief executive of British Business Investment at the BBB.
“Catherine is a highly respected industry figure, with more than 30 years’ investment management experience and a strong track record of success,” said Keith Morgan, chief executive of the British Business Bank Group.
“I am delighted that she has agreed to take on responsibility for all the British Business Bank’s commercial patient capital activities.
“I look forward to working with Catherine and her team to provide increased funding that will help growing businesses fulfil their potential, ensuring that the UK remains a key place in the world to raise funds and scale businesses.”
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