Growth capital investor VGC Partners has promoted Andrew Lister to partner. This promotion further strengthens VGC’s leadership team in order to support investment of its main £50m fund, which backs high-growth consumer, media and technology businesses.
This comes a year after Andrew joined the firm from Marlin Equity Partners as investment director. In this time, Andrew has driven operational excellence and value creation within the portfolio, helping implement and drive 180-day plans to identify scale up opportunities and improve strategic decision making. He has also integrated robust institutional processes with key stakeholders and LPs.
Examples include WIT Fitness, a sportswear retailer which received a £2m investment in February 2019. Andrew has been instrumental in developing WIT’s e-commerce business and scaling-up operations, and he has recently led VGC Partners’ £1.5m follow-on funding round after the business increased revenues by 56 per cent in the last year.
Earlier this month, Andrew supported the firm’s £2.5m investment into luxury sneaker and apparel retailer Kick Game. This investment will enable market share expansion in the UK and internationally; online platform development and replicating the successful London store in the UK and internationally.
Andrew Lister, partner at VGC Partners said:
“I’m extremely proud to be welcomed into the partnership, especially at such a great time early in the life of VGC’s main fund. Having already made investments into several businesses with enormous potential, I’m looking forward to supporting the founders to succeed as well as making further new investments.”
Parminder Basran, managing partner at VGC Partners said:
“I’m delighted to promote Andrew to partner, and he will play a key role in investing and managing Fund II. This promotion recognises his ability and impact on our portfolio and reflects the firm’s continued growth as an early stage investor backing innovative founders.”