British Business Bank appoints new head of £2.5bn government-owned capital fund
The British Business Bank (BBB) has appointed Catherine Lewis La Torre as the new head of its commercial patient capital fund.
Lewis La Torre will take charge of British Patient Capital Ltd, responsible for investing a £2.5bn government funding package for UK venture and capital growth announced in last year's Autumn budget.
The former head of private equity at Cardano Risk Management will retain her role as chief executive of British business investment at the BBB.
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She will also oversee a £500m managed funds programme for the government-owned bank to boost capital available to the UK's high-growth businesses
Lewis La Torre said: “I am thrilled to be taking this important role to lead the patient capital activities within the Bank's commercial arm and being a visible leader for these initiatives.
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“I am looking forward to working alongside an experienced and dynamic team to increase the volume, diversity and accessibility of longer term finance so that more businesses can raise the capital they need to achieve their growth ambitions.”