Dunedin, the UK mid-market private equity house, promoted Karan Darroch to finance and operations manager. Her previous title was financial controller.
As finance and operations manager, Darroch is responsible for the financial reporting of Dunedin Buyout Fund II, as well as the analysis of portfolio performance.
Darroch joined Dunnedin in 2012 after spending 11 years as a senior audit manager with professional services firm KPMG. She works alongside Graeme Murray who is responsible for Dunedin’s accounting, compliance and company secretarial functions.
The promotion is part of a round of staff changes at the firm. Joining Dunedin’s origination team are Sophie Chambers and Katie Chung. Chambers joins from Ennismore Capital, where she was an associate. Prior to that she was a member of EY’s corporate finance department. Chung was a senior associate in the corporate finance team at PricewaterhouseCoopers.
Dunedin also promoted Oliver Bevan, who joined Dunedin in 2007 and leads investment activity within the oil and gas sector, to partner.
Dunedin closed its latest fund, Dunedin Buyout Fund III, on its £300 million (€418 million; $446 million) hard-cap in July 2013. The fund was oversubscribed, having exceeded its £250 million target. The fund invests in UK-based companies with an enterprise value of between £20 million and £75 million.