UK private equity house Apiary Capital has named Jeniv Shah as it newest partner after two years at the firm.
Shah, formerly an investment director at Apiary, previously spent more than a decade at mid-market private equity investor Kester Capital.
Apiary also revealed it had promoted former Exponent PE exec Thomas Alldred to investment director after a year at the firm.
Apiary managing partner Mark Salter said, “We are delighted to announce Jeniv and Thomas’ promotions.
“Both Jeniv and Thomas have played a key role in the establishment of the firm. I am very proud of the experienced team we have built at Apiary, and our progress to date in investing our inaugural fund.”
Apiary Capital hit its £200m hard cap for the final close of its debut fund in mid-2018, just six months after launching the vehicle.
Lower mid market-focused Apiary initially hoped to collect £150m for Apiary Capital Partners I, which it has been using to target UK companies in the business services, education and healthcare sectors.
Firm founder Mark Salter was previously a senior partner at Bowmark Capital, where he spent 16 years investing in UK lower mid-market businesses.
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