Northern England-focused buyout firm NorthEdge Capital has appointed Prem Mohan Raj as chief financial officer.
Mohan Raj joins the firm from UK lower mid-market firm LivingBridge, where he worked for four years. Prior to this he was CFO at real estate private equity firm Brockton Capital, after starting his private equity career at Coller Capital.
His hire comes as the firm continues to invest in its team and target more deals across the North, according to a statement from the firm. He replaces Emma Rawlinson, who was promoted to the role from finance director in April last year and left the firm in June, according to her LinkedIn profile.
As CFO, Mohan Raj will manage all aspects of the firm’s finances, which includes £525 million of funds under management following the close of it second fund in March this year. The fund closed on its hard-cap of £300 million (€390 million; $426 million) after just four months in market.
“Prem has demonstrated an outstanding aptitude for financial management throughout his extensive career in private equity. He offers the operational and strategic excellence required to be a real asset to NorthEdge as we seek to continue our momentum and expand our portfolio with more investments from Fund II,” Dan Wright, chief operating officer at NorthEdge Capital said in the statement.
NorthEdge made several hires and promotions last year. In August it hired John Rastrick as a partners in its Leeds office, and a month later hired Harry Jones as an investment executive in its Manchester office. The firm also appointed Ian Plumb as portfolio director in September to oversee the progress of the firm’s portfolio, and in October promoted George Potts and James Marshall to senior investment executives.
It is not clear why Rawlinson left the firm. She could not be reached for comment.