Michael McFadgen, formerly managing director at Nex Opportunities, has taken a partner position at Element Ventures, which is raising a $130m for its first fund.
Michael McFadgen has departed from his managing director role at Nex Opportunities, a corporate venturing vehicle for brokerage group Nex, to join UK-based investment firm Element Ventures as a partner.
McFadgen joined Nex Opportunities’ predecessor, Euclid Opportunities, in 2016 from Barclays Capital, the investment banking arm of financial services firm Barclays, where he had been director of strategic investments for six years.
Euclid Opportunities changed its name when its parent company, electronic trading platform operator Nex Group, was acquired by…