Following a successful year for the Melrose-based angel investment group, TRI Capital has undergone a board-level restructuring. The original core membership layer of the ten year old investment group has been disbanded while two new board appointments have been made from amongst the wider TRI Cap membership. Paul Yuskaitis and Julian Livingston have now been appointed to the TRI Cap board.
Paul, who is currently Interim Chairman of Inquisitive Systems which trades as Zonefox, along with a number of board level observer roles in other investee companies of TRI Cap and his own interim-management and strategic consultancy service PGY Solutions, joined TRI Cap in 2011 and has extensive experience in managing early stage companies both in the United States and Scotland.
He says: “TRI Cap gives me the opportunity to work with early stage businesses and enables me to have an impact on their success. An important part of my investment philosophy is that angel investors need to be willing to be involved and share expertise on the back of their investment in order to give the company the best chance for success and the investors the best chance for a successful exit with a meaningful equity gain.”
Julian Livingston Paul Yuskaitis
With a background in law, Julian Livingston is a former director at Martin Currie with an extensive career working with international hedge funds. He has built a portfolio of non-executive and consultancy roles providing expertise in the fields of corporate governance, compliance and regulation, investment analysis, client service, and the development of asset management businesses.
Julian says “Being part of Tricap, rather than investing on one’s own, offers access to a wider pool of expertise from a variety of fields which should in theory result in better decision making. Being part of a syndicate also allows one to diversify risk by investing in a variety of opportunities rather than having to cherry pick a couple of opportunities. As a syndicate there is structure to the due diligence process and monitoring of investments at a level which would not be possible as an individual investor.”
Under long standing Chairman Robert Dick, TRI Cap now has a board of six with seventy shareholding Members and has just launched its new website www.tricapital.co.uk.