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Lloyds Development Capital

Medium
London, United Kingdom · Founded 1981 · AUM n/a · Website
Private equityVenture capitalMid-market buyoutCommercial bankingUnited Kingdom
Last verified
7/8/2026

Firm Overview

17
Portfolio tracked
1
Sectors
1
Regions
7/8/2026
Last verified

Lloyds Development Capital (LDC) is a major UK-based mid-market private equity firm and a subsidiary of Lloyds Banking Group.

Lloyds Development Capital (LDC) was established in 1981 as the private equity arm of Lloyds Banking Group. Based in London, it focuses on providing capital to mid-market companies. Throughout its history, the firm has undergone name changes, including a period from 1999 to 2011 when it operated as Lloyds TSB Development Capital Limited.

The firm reached significant milestones in its investment history, exceeding 30 million pounds in annual investment for the first time in 1991 and completing its 300th investment by 2001. By 2007, its annual investment activity had grown to over 300 million pounds, marking its 400th completed investment.

LDC operates primarily through several UK-based subsidiaries that act as fund managers, general partners, and trustees for its venture capital activities. While it previously maintained an international presence with LDC (Asia) Limited in Hong Kong, that entity was liquidated in 2015, refocusing the firm's operations on the United Kingdom market. The firm is also known for supporting regional business awards, such as the Evening Standard Business Awards.

Founded1981
HeadquartersLondon, United Kingdom
AUMn/a
Target investmentn/a
Employeesn/a
StrategiesPrivate equity, Venture capital, Mid-market buyout
Sector focusCommercial banking
Geographic focusUnited Kingdom

Leadership

John Garner
Managing Partner
John Garner is a Managing Partner at LDC, operating on a national level.
Jonathan Bell
Managing Partner
Jonathan Bell serves as a Managing Partner for the North region.
Nicol Fraser
Managing Partner, Head of London
Nicol Fraser is the Managing Partner and Head of London at LDC.
Aylesh Patel
Partner, Head of South
Aylesh Patel is a Partner and the Head of the South region for LDC.
Chris Handy
Partner, Head of West Midlands
Chris Handy is a Partner and the Head of the West Midlands region.
Dale Alderson
Partner, Head of North West
Dale Alderson is a Partner and the Head of the North West region.
Dan Smith
Partner, Head of Yorkshire
Dan Smith is a Partner and the Head of the Yorkshire region.
David Bains
Partner, Head of East Midlands and East of England
David Bains is a Partner and serves as the Head of East Midlands and East of England.
Dewi Hughes
Partner, Head of South West & Wales
Dewi Hughes is the Partner and Head of South West & Wales at LDC.
Gareth Marshall
Partner, Head of North East & Scotland
Gareth Marshall is a Partner and the Head of the North East & Scotland region.
Richard Haynes
Partner, Head of Value Creation Partners
Richard Haynes is a Partner and the Head of Value Creation Partners (VCP).
Ann Kenny
Chief Finance Officer
Ann Kenny serves as the Chief Finance Officer for LDC nationally.
Chris Baker
Partner
David Andrews
Partner
John Clarke
Partner
Martyn Vitty
Partner
Rachael Baker
Partner
Rob Powell
Partner
Rob Schofield
Partner
Lauren Goodfellow
Head of Marketing and Communications
Lauren Goodfellow serves as the Head of Marketing and Communications for the firm.

Notable Investments

NEC GroupUK2 Group

Historical and current deals referenced in public sources.

Portfolio Companies

CompanySectorStatusWebsite
AppCheck—Current—
BCIS—Current—
Daintta—Current—
Eagle Eye Innovations—Current—
Fortus—Current—
Frankham Group—Current—
Global Autocare—Current—
Hybrid—Current—
i247—Current—
i247 Group—Current—
Mi Hub—Current—
Nu-Style Products—Current—
PAM—Current—
PAM Group—Exited—
Sedex—Current—
UBDS Group—Current—
WifinityTechnology/ICTCurrent—

Source: http://www.ldc.co.uk/portfolio

Sources

This profile is based on publicly available information and may be incomplete or outdated. PE Firm Index is not affiliated with Lloyds Development Capital and does not provide investment advice.

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