The move comes ten months after Flanagan stepped down from a full-time role at London-based Permira to focus on selected deals on a part-time basis.
She was replaced by former McKinsey & Co partner Mubasher Sheikh.
Flanagan started her new role this month and will be responsible for co-ordinating the monitoring of Caledonia’s unquoted portfolio.
She is also a non-executive director of Celerant Consulting.
Copyright © 2012 AltAssets