Small cap manager Chelverton Asset Management has appointed Richard Bucknell as investment director in its unquoted equities team.

Small cap manager Chelverton Asset Management has appointed Richard Bucknell as investment director in its unquoted equities team.

Bucknell has been working with CAM as a consultant since September last year and will report to managing director David Horner in his new role, CAM said in a statement.

Last year, the firm launched the Chelverton Investor Club, an exclusive private members club for high net worth individuals. Bucknell will lead transactions of equity investment of between £500,000($837,000) and £3 million on behalf of Investor Club members, and will also help to identify and transact larger equity investments on behalf of those amongst CAM’s unquoted equity clients.

Prior to CAM, Bucknell led more than 20 new investments in small and medium-sized enterprises, and has previously held senior investment management positions with Barclays Ventures, ISIS Equity Partners and Catapult Venture Managers.

Founded in 1998, CAM is a specialist investor in both quoted and unquoted UK small companies. The quoted side of the business has in excess of £300 million in funds under management, while the unquoted investment activities include the portfolio management of its sister company CEPS.