Palm Beach Partners Launches Second P.E. Fund

Jan 13 2006 | 8:36pm ET

Palm Beach Capital Partners is aiming to raise $150 million for its second private equity fund, Palm Beach Capital Partners II.

Adam Klein, a partner at the Florida-based firm, said the new fund will have a similar style and philosophy to the firm's first fund, which invests in private companies with market values between $5 million to $10 million, and focuses on companies located in Southern Florida, though it does not rule-out other high-growth locals.

The firm's first fund closed to new investors in 2003, and is now fully invested. Klein declined to elaborate on the second fund as it is still in its initial offering stage.


In Depth

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of