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Lloyds Development Capital (Holdings) Limited (LDC), is a mid-market private equity house and subsidiary of Lloyds Banking Group, established in 1981 as Lloyds Development Capital Limited. From 1999 to 2011, it was known as Lloyds TSB Development Capital Limited.

Lloyds Development Capital
Subsidiary undertaking
IndustryCommercial banking
Founded1981; 38 years ago (1981)
ProductsPrivate equity
ParentLloyds Banking Group



In 1991, investment exceeded £30 million for the first time and in, 2001, LDC completed its 300th investment. By 2007, investment exceeded £300 million and it completed its 400th investment.

The company operates through the following UK subsidiaries, of which it has an interest in 100% of the issued share capital:

Company Formerly Principal activity
LDC (Managers) Limited Lloyds TSB Venture Managers Limited Venture capital fund manager
LDC (General Partner) Limited Lloyds TSB Ventures General Partner Limited General partner in venture capital funds
LDC Ventures Trustees Limited Lloyds TSB Ventures Trustees Limited Trustee of exempt unit trusts
LDC Ventures Carry Limited Lloyds TSB Ventures Carry Limited Limited partner in a venture capital fund
LDC (Nominees) Limited Lloyds TSB Development Capital (Projects) Limited Nominee company
LDC Parallel (Nominees) Limited Lloyds TSB Ventures Nominees Limited Nominee company

A subsidiary not registered in the United Kingdom, LDC (Asia) Limited, located in Hong Kong, was liquidated in 2015.


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