Jon Moulton takes stake in Seneca Investment Managers

VETERAN private equity investor Jon Moulton has bought a stake in Seneca Investment Managers, the new fund management arm of Seneca Partners Group.

Mr Moulton, who rose to fame with Alchemy Partners before leaving to set up Better Capital has taken a “significant minority shareholding” through his family office, Perscitus Advisers.

In late January, Seneca Investment Managers acquired for up to £6.4m – subject to regulatory approval – Liverpool-based Miton Capital Partners, a profitable and successful fund division of Miton Group.

Mr Moulton said: “Seneca Investment Managers is a firm with a huge amount of upside potential. Under Stuart Eaton’s leadership, I have no doubt that an already successful fund management team will go from strength to strength. We have a lot planned for the new company and are backing it to become a major force within UK financial services.”

Stuart Eaton, chief executive of Seneca Investment Managers, added: “For someone of the calibre of Jon Moulton to invest in Seneca Investment Managers suggests that our vision for the company is on the right track.

“Seneca Investment Managers is not simply about offering a more holistic proposition to our existing clients but building a challenger brand in the broader UK fund management sector.”