Scottish Equity Partners noted that the firm has raised seven funds and managed investments in more than 160 businesses during Mr Paterson’s tenure. Angus Conroy and Keith Davidson are being appointed as co-managing partners. Fraser McLatchie, who Scottish Equity Partners noted “is also a long-serving and senior member of the SEP team”, has been appointed chief operating officer. And Tim Ankers, currently a director in the investment team, is being promoted to partner. Fraser’s appointment as COO strengthens our operational capabilities, and we also congratulate Tim on his well-deserved promotion to partner.