Highly experienced growth finance professional joins as Investment Director
London, 15 March 2019: Beringea has announced the recruitment of Andrew Webster, a growth finance professional with more than three decades of experience lending to scaling businesses. Andrew will join as an Investment Director of ProVen Legacy, a specialist debt provider for growing businesses.
Andrew has held a number of senior roles at leading venture and growth investors. In 2011, he was a partner in the founding team of BOOST&Co, a growth capital and venture debt provider. Previously, Andrew had been a director of Noble Venture Finance, a leading European venture finance fund. He has also held senior roles at ING and Kleinwort Benson.
At Beringea, Andrew will assist ProVen Legacy with sourcing investments, executing deals and growing its funds under management. He will support Mark Taylor, Partner at Beringea, who directs the firm’s debt-based finance.
Beringea has also announced the departure of Hilary Weatherstone, an Investment Director of ProVen Legacy. Hilary has been an integral part of Beringea’s growth finance practice for the past five years, supporting the launch of ProVen Legacy and its subsequent growth. Hilary leaves to establish her own business, a coffee shop in Devon.
Mark Taylor, Partner at Beringea, the lending adviser to ProVen Legacy, commented: “Andrew brings a wealth of experience and expertise in growth and venture finance to ProVen Legacy. His insights and network will be particularly valuable as we seek to scale and support growing businesses throughout the UK.
“We would also like to express our gratitude to Hilary for her integral role in establishing Beringea’s debt-based finance practice and launching ProVen Legacy – we wish her every success in her new chapter.”
Andrew Webster, Investment Director at Beringea, commented: “Beringea is an investor with an exceptional track record and, under its management, ProVen Legacy has grown to become a thriving provider of debt-based finance. We have a clear opportunity to scale this company and enable growth businesses to realise their ambitions with debt funding.”
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