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Fenn joins Field Day, Love Supreme investor Ingenious

Asgard's Paul Fenn has joined the board of Ingenious Entertainment's VCT (Venture Capital Trust) 2, which has invested in several UK festivals and music businesses

By Jon Chapple on 08 May 2018

Ingenious has invested in Love Supreme

Ingenious has invested in Love Supreme


image © Love Supreme Jazz Festival

Veteran booking agent Paul Fenn has joined Ingenious as a non-executive director of its Ingenious Entertainment VCT 2 plc business.

Fenn – whose roster at Asgard Promotions, the agency he co-founded with Paul Charles in the ’70s, includes Graham Nash, Todd Rundgren, Joan Baez, Martha Wainwright, Emmylou Harris and Cowboy Junkies – joins the board of the venture capital trust (VCT) as of 1 May.

Along with Entertainment VCT 1 and Live VCTs 1 and 2, Entertainment VCT 2 is one of four Ingenious trusts investing in the live entertainment business. The Ingenious Group’s manages more than £9 billion worth of assets on behalf of investors.

Fenn’s appointment comes as ex-chairman Paul Gregg steps down from VCT 2

The Entertainment VCTs’ investments include Rewind festival, Love Supreme Jazz Festival, Field Day and, until 2016, Liverpool Sound City.

Fenn’s appointment comes as ex-chairman Paul Gregg, formerly of Live Nation forerunner SFX/Clear Channel, steps down from VCT 2, with Lionel Martin assuming the chairmanship.

Fenn, also executive vice-president of the Agents’ Association and treasurer of the Concert Promoters’ Association, also becomes a member of the company’s audit committee.

Man of Ingenious’s investments in the festival sector were spearheaded by Paul Bedford, who co-founded new investment vehicle Providence Equity Partners last year with former Live Nation exec James Bedford. Providence, through its Superstruct Entertainment business, owns stakes in Sziget and Elrow.

 


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