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

Q&A: Old Hill's Stone On Private Debt, P2P And Credit Bubbles

Jun 6 2017 | 7:52pm ET

While institutional capital continues to flow into the broader private debt sector...

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

AIMA: How The U.K.'s SMCR Will Affect U.S. Firms

Jun 20 2017 | 6:29pm ET

U.S. investment managers need to think seriously about how tough new U.K. conduct...

 
Error

From the current issue of