UK alternative asset manager Maven Capital has announced a leadership transition with Ewan MacKinnon taking over as managing partner while founder Bill Nixon assumes the chair role. The move represents a planned succession strategy for the firm, which Nixon established in 2009 through a management buyout of Aberdeen Asset Management's private equity division, creating an independent entity focused on private equity investments.

MacKinnon, who has been integral to Maven's growth since joining in 2009, will now lead the diversified alternative asset manager through its next phase of development. The firm has evolved significantly over the past 14 years, expanding capabilities while maintaining focus on supporting ambitious lower mid-market businesses across various regions, developing a reputation for consistent value creation.

The leadership change aims to ensure long-term continuity for Maven's investors, portfolio companies and other stakeholders as the business continues to mature in the competitive alternative asset management space. MacKinnon emphasized his priority is to build on the firm's strong foundations while enhancing its product offering to deliver consistent value for investors.