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

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...

 

From the current issue of