Lloyds Development Capital

Last updated

Lloyds Development Capital
Type Subsidiary undertaking
Industry Commercial banking
Founded1981
Headquarters,
England
Products Private equity
Parent Lloyds Banking Group
Website www.ldc.co.uk

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.

Contents

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:

CompanyFormerlyPrincipal activity
LDC (Managers) LimitedLloyds TSB Venture Managers LimitedVenture capital fund manager
LDC (General Partner) LimitedLloyds TSB Ventures General Partner LimitedGeneral partner in venture capital funds
LDC Ventures Trustees LimitedLloyds TSB Ventures Trustees LimitedTrustee of exempt unit trusts
LDC Ventures Carry LimitedLloyds TSB Ventures Carry LimitedLimited partner in a venture capital fund
LDC (Nominees) LimitedLloyds TSB Development Capital (Projects) LimitedNominee company
LDC Parallel (Nominees) LimitedLloyds TSB Ventures Nominees LimitedNominee company

A subsidiary not registered in the United Kingdom, LDC (Asia) Limited, located in Hong Kong, was liquidated in 2015.

In 2016, LDC supported the inaugural London Evening Standard Business Awards and the SME Business of the Year category. [1]

Assets

See also

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References

  1. Hurley, Chris Small companies help London dream big Evening Standard, 7 June 2016