25 JUNE 2002
Private Equity Investor PLC appoints new director
Private Equity Investor PLC, the investment trust which invests principally in early to pre-IPO stage information technology companies, has appointed Peter Dicks as a non-executive Director.
Peter has over 30 years of experience in the private equity sector and co-founded Abingworth, one of the UK's first venture capital companies, in 1973 where he stayed until 1991. The majority of Abingworth's portfolio consisted of American technology companies and it was an early investor in, amongst others, Apple, Silicon Graphics and 3COM. Since then, he has been non-executive Director or Chairman of a number of companies in the private equity or investment field including Vencap International Fund Managers Ltd, Gartmore Fledgling Trust PLC and Sportingbet PLC.
Tim Childs, Managing Director of Private Equity Investor, said: "Peter's decision to join the Board is a great endorsement for Private Equity Investor and its investment strategy."
Enquiries
Tim Childs, Managing Director, Private Equity Investor PLC, Tel: 020 7930 5600
John West/Rosie Brown, Tavistock Communications, Tel: 020 7600 2288
Notes to editors
The Company seeks to achieve substantial capital appreciation by investing in emerging growth companies through specialised US venture capital funds focused on the information technology, biotechnology and healthcare sectors.
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