A network of VC-backed entrepreneurs who agree to share profits from their exits has appointed private equity chief André Jaeggi as group chairman.

A network of venture capital-backed entrepreneurs who agree to share profits from their exits has appointed private equity fund-of-funds chief André Jaeggi as group chairman.

The Founders Club has secured a personal cash investment from Jaeggi, a former financial journalist who as MD of private equity fund-of-funds manager Adveq helped build the business from a two-person operation to a group with US$4 billion (£2.6 billion) under management.

His involvement is hailed as a triumph for The Founders Club by general partner Andrew Romans, who comments, ‘As one of the largest investors in the venture capital asset class over a period of decades, André Jaeggi brings The Founders Club a unique global perspective on the successes and failures of venture capital coupled with direct relationships with the leading general partners and fund managers in the industry.’

The Founders Club is accepting members in the healthcare and life sciences, technology and cleantech, and later-stage technology sectors.