Swiss secondaries investor Montana Capital Partners has hired its first COO following the final close of its fourth fund.
The firm appointed former Schroder Adveq CEO Sven Lidén as its founders look to focus more on its investment activities.
Lidén’s role is not yet 100% defined, but he will take on “some HR responsibility”, he said. “I will definitely try and support the founders. My role is really in the organisation. I think it should really be to help the firm grow as an organisation. What I can give them is insight on how to grow and keep this entrepreneurial spirit to ensure it is successful.”
Previous roles include senior positions at Man Investments, RMF and Lidén Consulting.
Lidén’s new role was born out of the firm’s rapid growth. Its latest fund, which held an €800m final close three weeks ago, is double the size of its predecessor. Although it has an extra year to invest, it is still significantly larger than previous vehicles, eclipsing the €83m and €103m raised for its first two respectively.
Increasing regulations also played a part in Montana’s move for Lidén, he said. “When you grow you have more duties to fulfill. For example, you have the regulation of data, which comes into force on May 25 and is creating additional work. It is not huge, but all of these things add up.
“I will do what the founders of the company have previously done themselves. A lot of my role is to take some of the more administrative work off their shoulders so they can focus more on investment.”
Lidén’s new firm is also in the middle of phasing in Investran, a change from his former operating system eFront. He added, “It is a big change. Investran is not yet in place, but we are in the process of introducing it.”