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New appointment for UK's ProVen

UK private equity firm ProVen has announced the appointment of Jeff Bocan, a former associate with Saffron Hill Ventures, to its UK investment team.

Bocan brings a variety of industry experience, having worked on market analysis and due diligence across a wide variety of technology sectors, particularly enterprise software and enabling media technology. He has also worked as an executive marketing consultant for BMW of North America and for Select Comfort Mattress.

‘I am delighted that we have been able to recruit such a talented and experienced individual. Jeff's appointment strengthens our ability to meet the needs of the existing investments and to develop new ones,' said Gordon Power, managing director of ProVen.
ProVen is known for investing in businesses that own intellectual property rights. An early success included Gullane, which represents the Thomas the Tank Engine brand.

It announced the final closing of its second institutional fund, Global Rights Fund II, at $64m back in January, after blazing the fundraising trail for two years.

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