Searchlight Raises $860 Million For First Fund

Apr 4 2012 | 2:27am ET

Searchlight Capital Partners' debut vehicle has proven the private equity firm is anything but a slow starter.

The firm, founded in 2010 by a trio of industry veterans, has closed its first fund with commitments exceeding $860 million, it said yesterday. The Searchlight fund focuses on complex situations.

"We thank our investors for their trust and support and look forward to making attractive investments across North America and Europe," Erol Uzumeri, co-founder, said.

Uzumeri is the former head of the Ontario Teachers' Pension Plan's private equity business, and also worked at CVC International and Citigroup. His co-founders, Oliver Haarman and Eric Zinterhofer, are veterans of Kohlberg Kravis Roberts and Apollo Management, respectively. Haarman covered communications and media at KKR, and helped lead the firm's European operations. Zinterhofer was co-head of media and telecommunications, and was heavily involved in Apollo's private equity/distressed debt-for-control effort and the launch of its commodities desk.

Searchlight has offices in London, New York and Toronto.


In Depth

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR