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Ronald Cohen is a founder of the private equity industry in Europe and one of the world’s leading private equity investors.
At the age of 26, after a successful academic career at Oxford University and Harvard Business School, he co-founded the firm that became Apax Partners. When he stepped down from the chairmanship 33 years later, Apax was the largest global private equity firm based in Europe, with an impressive investment record, more than $20 billion under management, offices in eight countries, and more than 300 staff.
Mr Cohen is chairman of Bridges Ventures and The Portland Trust, which seek to provide private-sector, commercial solutions to problems of social deprivation in Britain and conflict in the Middle East. He is chairman of the Social Investment Task Force and of the Commission on Unclaimed Assets.
He is a trustee of the British Museum and of the International Institute for Strategic Studies. He is also chairman of Portland Capital, an investment management firm.
A recipient of the British Venture Capital Association’s Hall of Fame award and the Harvard Business School’s Alumni Achievement Award, he is also an honorary Fellow of Exeter College, Oxford, and a member of the Board of Overseers of Harvard College. He was knighted in 2001 for his services to venture capital.
Born in Egypt, he is based in London with his wife and two children.
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2 Quotes
'Private equity stole our pensions'
Ros Altmann, a respected pensions expert and former Downing Street adviser.
'I believe that the actions of venture capitalists led directly to the failure of the scheme, and the actions of the former owners - Apax - have been immoral. They took advantage of the weakness of the protection regime for pensions to split the BUSM pension fund and then let it fail. No willingness has been shown by Apax to acknowledge the pain and misery caused to loyal workers who were suddenly left with no pension at all.
&
'Private equity industry accused of raiding pensions at GMB conference'
The report highlights the role of one of Brownâs closest supporters, Labour donor Sir Ronald Cohen, who founded venture capitalists Apax Partners, to three of the collapsed pension schemes with deficits totalling £81 million.
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It's asset stripping - but not as we know it, Jim.
Mike Abbott, Retford, Notts