Downing makes first foray into private equity EIS with Octopus hire

Octopus Investments head of private equity Chris Allner is to leave the firm to move to Downing, where he will be responsible for a private equity EIS scheme.

Allner is the chairman of the investment committee for all investments made by the ventures team at Octopus, including the Octopus capital for enterprise fund, Octopus titan VCTs and the Octopus eclipse VCTs.

Prior to joining Octopus he was a Director of ProVen and Bridgepoint, as well as working for Charterhouse and 3i.

He is joining Downing LLP as a partner to run a generalist private equity EIS scheme that is set to launch in a couple of weeks and the private equity part of Downing income VCT 3.

Downing LLP partner Tony McGing says: “We have tended to focus more on asset-backed deals in the past and Allner has come in to be responsible for non-asset backed deals.”