What a delight it was this morning to receive several texts congratulating me on further press coverage for Altor – only to find that it was only tangentially about me.

Several of my former senior colleagues have established a new firm together, called Lockhart. They are all excellent advisers (apart from the excellent fund manager) and I am sure that they will be successful.

Their model is a different one from ours at Altor but we still wish them all the best, as all high quality new entrants into our profession are to be welcomed.