Twin Bridge Expands Team, Preps Second Fund

Jun 6 2007 | 1:30pm ET

Twin Bridge Capital Partners, a private equity firm investing in other buyout funds as well as equity co-investments, has added two senior partners to its team. Joe Dimberio and Pat Lanigan, former senior partners with PPM America Capital Partners, have been reunited with Twin Bridge co-founders Debbie Ackerman and Brian Gallagher, who were also former partners at PPM America.

“We’re looking to continue to grow our business, and we think that the addition of Pat and Joe will allow us to create additional scale,” said co-founder Debbie Ackerman. “We’ve got a strong track record in backing emerging managers and in successfully putting co-invest dollars to work and we think that they will help us continue that successful track record.”
New executives in tow, Twin Bridge is adding a second p.e. fund, which it plans to raise within the next 12 to 18 months, according to Ackerman, who said that the firm’s current fund, Pacific Street Fund, is about half invested: To date, it has committed to six funds and eight co-investments. Ackerman said the fund is currently actively looking at three managers and is “pretty close” to committing to two of them.

Twin Bridge was founded at the end of 2005 and currently manages some $500 million in total assets.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...