Planned succession implemented at Elysian Capital

Elysian Capital, the leading UK lower mid-market Private Equity house, has announced a change in the leadership of the firm in a long-planned succession process to be implemented from 1st January 2026.

Ken Terry, founder of Elysian Capital in 2007, will be moving to Chairman of Elysian Capital LLP and will retain his existing portfolio responsibilities at BXT Accelyon, Mergon and Wholebake. Mark Puttick has been appointed CEO of Elysian Capital from 1st January 2026 with responsibility for the day-to-day operations of the firm. This move allows Mark to be firmly in place ahead of the commencement of fundraising for Fund IV and provides a solid foundation for the continued success and growth of Elysian.

Ken will remain Chairman of the Elysian Investment Committee and will also retain joint responsibility with Mark Puttick for the fundraising of Elysian Capital IV LP to be launched in Q4 2026.

Mark Puttick joined Elysian in 2017 and has been a partner since 2022. Mark has been instrumental in sourcing, leading and managing some very successful Elysian investments including Activate Group, Gravity Global, Kinetic Solutions Group and Aspirations Care.

Ken Terry said, “After nearly 40 years in private equity at Doughty Hanson and now Elysian, I am aware that succession is something that private equity firms often do really badly. At Elysian, Mark and I have been working closely on our future plans for the last 2-3 years. We care intensely about Elysian, the people who work here, our investors and the companies that we partner with, and getting this right is extremely important. I am happy to hand over day to day control to Mark while staying intimately involved as Chairman, and we are excited about this next chapter of Elysian’s continued success”.

Mark Puttick said, “It is a real privilege to be part of the Elysian team, and I am grateful to Ken and my colleagues for the opportunity to become CEO as we prepare for Fund IV. I am passionate about our mission to be the best partner to entrepreneurial management teams seeking transformational growth. I have the pleasure of working with an extremely talented team at Elysian and I believe the way we combine our different skillsets and domain expertise gives us something truly unique to offer to our management teams and our investors. The opportunity for us in the lower mid-market is compelling and we are excited about Fund IV and beyond”.

Elysian Capital is just completing investing its third Fund (£325m) and is set to raise a similar amount later in Q4 2026.