Wol Kolade, managing partner at Livingbridge said: “I would like to take this opportunity to congratulate Matt and Xavier. They have both been longstanding members of our team and played a crucial role in helping us to deliver a number of investments over the years."
But could anything similar be achieved in higher education? Wol Kolade, managing partner at Livingbridge, a private equity firm with more than £2 billion in assets, believes that it would be tough, but insists that lessons could still be learned from his sector. “As a vice-chancellor, there isn’t much room for manoeuvre,” says Kolade, whose firm invests anywhere between £2 million and £70 million in promising businesses. “Universities have multiple stakeholders – government departments and quangos, funders, the local community – and there is lots of regulation.”