Monday, 24 October 2016
Last updated 2 days ago
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.