Seneca Investment Managers, the new fund management firm within the Seneca Partners Group, today announced that Jon Moulton, via his family office, Perscitus Advisers, has acquired a significant minority shareholding in the company.
The investment by Moulton, founder and managing partner of the private equity firm Better Capital, is a considerable coup for the newly formed Seneca Investment Managers — and confirms its potential.
In late January, Seneca Investment Managers acquired – subject to FCA approval – Liverpool-based Miton Capital Partners, a profitable and successful fund division of Miton Group.
The funds currently managed by Miton Capital Partners are: VT Seneca Diversified Income Fund; VT Seneca Diversified Growth Fund; and the Midas Income & Growth Trust plc.
Jon Moulton, Founder, Better Capital, commented:
“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, CEO, 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.”