Ascension Ventures announces Arthur Sherry as Chairman
Ascension Ventures is pleased to announce the appointment of Arthur Sherry as its Chairman.
Arthur has extensive experience supporting innumerable entrepreneurial Management teams, enabling them to realise their aspirations with his depth of knowledge and track record of success. He started his career with Bank of Scotland and was involved in dozens of MBO’s across a variety of Sectors and range of sizes.
As the very recent former Managing Director of Lloyds Banking Group Family Office business he also had principal relationship responsibility for the diverse business activities of some of the UK’s largest and best-known self made Entrepreneurs, with businesse interests typically well in excess of £1bn turnover. He is passionate about supporting the next generation of Entrepreneurs.
Jean de Fougerolles, Ascension Ventures CEO said:
“I am delighted with the appointment of Arthur as Ascension’s Chairman. Over the past year we have made significant progress in our goal to become the "go to" Venture Capital Firm for Entrepreneurs looking for seed investment and strategic support. With Arthur, a high-profile deal-maker now on board, we will continue our journey and build on this current momentum.” He added, “with his network, experience and transactional capability, Arthur will be ensuring investment rigor and quality, whilst spearheading the launch of Ascension’s £20m Growth Fund, set to be announced in 2016.”
Arthur Sherry said:
“I have been hugely impressed by the Ascension team and the value they add to investee businesses, through mentorship and particularly their strong insightful knowledge of the Digital Media and Tech Sectors.” He added, “I look forward to working with them to protect, build and realise value within the Portfolio, as well as welcoming and supporting new Entrepreneurs to the Ascension family.”
Currently, Ascension manages a Portfolio of 25 early-stage businesses and has invested about 50% of its £8m+ of funds.