Lloyds Development Capital
 | |
| Subsidiary undertaking | |
| Industry | Commercial banking |
| Founded | 1981 |
| Headquarters | London, United Kingdom |
| Products | Private equity |
| Parent | Lloyds Banking Group |
| Website |
www |
Lloyds Development Capital (Holdings) Limited (LDC), is a mid-market private equity house and subsidiary of Lloyds Banking Group, established in 1981 as Lloyds Development Capital Limited. From 1999 to 2011, it was known as Lloyds TSB Development Capital Limited.
Operations
In 1991, investment exceeded £30 million for the first time and in, 2001, LDC completed its 300th investment. By 2007, investment exceeded £300 million and it completed its 400th investment.
The company operates through the following UK subsidiaries, of which it has an interest in 100% of the issued share capital:
| Company | Formerly | Principal activity |
|---|---|---|
| LDC (Managers) Limited | Lloyds TSB Venture Managers Limited | Venture capital fund manager |
| LDC (General Partner) Limited | Lloyds TSB Ventures General Partner Limited | General partner in venture capital funds |
| LDC Ventures Trustees Limited | Lloyds TSB Ventures Trustees Limited | Trustee of exempt unit trusts |
| LDC Ventures Carry Limited | Lloyds TSB Ventures Carry Limited | Limited partner in a venture capital fund |
| LDC (Nominees) Limited | Lloyds TSB Development Capital (Projects) Limited | Nominee company |
| LDC Parallel (Nominees) Limited | Lloyds TSB Ventures Nominees Limited | Nominee company |
A subsidiary not registered in the United Kingdom, LDC (Asia) Limited, located in Hong Kong, was liquidated in 2015.
Assets
See also
External links
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This article is issued from Wikipedia - version of the 5/29/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.