Moulton goes one Better

Jon Moulton, the former head of Alchemy Partners who quit last month, is to launch a new private equity firm, just weeks after leaving the firm he founded 12 years ago.

Moulton is setting up a firm called Better Capital, which will be looking to raise £100m for a fund most likely aimed at investing in turnaround opportunities. In his resignation letter from Alchemy, he made it clear he thought the firm’s decision to move away from this area was a mistake.