SVG Capital, the private equity fund manager which today named new chief executives to its two main businesses, will remain the largest investor in Permira Advisers after assuring the UK buyout firm that their relationship will not change as a result of the appointments.

Lynn Fordham, the group's finance director, has been promoted to chief executive of SVG Capital, the UK-listed investor that uses money from its balance sheet, and Tony Dalwood, its current head of public equities, the chief executive of its third party fund of funds management business, SVG Advisers.