British businessman (born 1961)
Stephen Frank Welton CBE (born February 1961)[1] is the Founder, CEO and Chairman of the Business Growth Fund (BGF).[2][3][4]
Early life and education
Welton was born South Africa. He and his family moved back to the UK when he was 11 years old.[5]
Welton attended Esher College. He graduated with a law degree from Durham University in 1983.[6] He initially trained as a barrister, before becoming a loan officer at the Bank of Boston.[7][5]
Career
Welton was one of the founding partners of private equity firm CCMP Capital Advisors, JP Morgan's private equity arm.[7][8][9]
He was prior to that managing director of Barclays Private Equity and co-founded Henderson Ventures.[8][9]
Welton is the founder and first chief executive of BGF; a major new investment company set up in 2011 by five UK banks – HSBC, Lloyds, Barclays, RBS and Standard Chartered – in the wake of the 2008 financial crisis.[7][10][11]
By 2023, BGF had invested over £4 billion in more than 400 growth companies across the UK and Ireland. Welton became the investor's Executive Chairman in 2020 before stepping down in June 2023.[12]
In 2021, Welton joined the Build Back Better Council, a Government business council launched by Boris Johnson to address the UK’s economic recovery from the COVID-19 pandemic.[13] [14] [15]
Welton was appointed Commander of the Order of the British Empire (CBE) in the 2023 Birthday Honours for services to small businesses and entrepreneurship.[16]
References