Founded by Jon Little, the former founder and managing partner of Northill Capital, Alderwood seeks to provide equity capital to specialist boutique active managers through investment in general partner stakes.

Alderwood Capital, the London-based fund manager, is offering its services to institutional investors after winning Financial Conduct Authority clearance and it has made three hires.

Founded by Jon Little, the former founder and managing partner of Northill Capital, Alderwood seeks to provide equity capital to specialist boutique active managers through investment in GP (General Partner) stakes. The investment strategy will be deployed through a Cayman-domiciled closed-end institutional fund which Alderwood plans to launch – subject to local regulatory approval – in the coming months, it said in a statement yesterday.

Rebecca Noyes has joined as chief financial officer from Northill Capital where she was the senior financial controller. Prior to her role at Northill, she qualified as an accountant in 2014 and worked at Northill and its majority owner Waypoint Capital and affiliate Kedge Capital.

Kenny Mansley has joined as communications manager from Northill Capital where he had been in a similar role since 2011. Previously, Mansley worked in marketing, communications and design roles at RAB Capital, Wellington Management and Serco.

Suzette Price has also joined from Northill Capital as executive assistant and office manager. Before joining Northill in 2013 she had similar roles at Almeida Capital, Frontiers Capital and LICA Development Capital.

The appointments take effect immediately and all three will be based with the rest of the firm’s growing team in Alderwood’s new London office in Floral Street, Covent Garden.