NorthEdge appoints CFO

PRIVATE equity firm NorthEdge Capital has appointed a new chief financial officer as the firm continues to invest in its team and target more deals across the North.

Prem Mohan Raj joins NorthEdge from Livingbridge, with more than 12 years of private equity experience.

At LIvingbridge he worked in senior financial management positions, latterly as chief financial officer (CFO), across a range of its funds, including its limited partnerships, Venture Capital Trusts and AIM quoted investments.

Prior to that, he was CFO at real estate private equity firm Brockton Capital, having started his private equity career at Coller Capital.

As CFO at NorthEdge, Mohan Raj will manage all aspects of the firm’s finances, which now includes £525m of funds under management following the closure of Fund II in March this year, and the firm’s growing catalogue of portfolio companies.

He will be responsible for driving NorthEdge’s financial strategy, delivering strong financial control to allow the firm to accelerate its growth plans.

Mohan Raj said: “This role represents an excellent opportunity to play an integral role in shaping this firm’s ambitious growth plan. I am relishing the opportunity and challenge that driving NorthEdge’s financial strategy brings and look forward to working as part of the firm’s immensely talented team.”  

Dan Wright, chief operating officer at NorthEdge Capital, said: “Prem has demonstrated an outstanding aptitude for financial management throughout his extensive career in private equity. He offers the operational and strategic excellence required to be a real asset to NorthEdge as we seek to continue our momentum and expand our portfolio with more investments from Fund II.

“We are committed to providing a responsible financial approach that offers the best avenue for sustainable growth for both ourselves and the businesses we work with. Prem is an excellent match for our ambitious growth strategy and values. We are delighted to welcome him to the team.”