Perella Weinberg Targets Lower Middle Market

Mar 8 2013 | 9:40am ET

Perella Weinberg Partners has hired two Weston Presidio vets to head a new private equity strategy focused on lower middle market growth companies.

The New York-based boutique investment banking firm has tapped David Ferguson and Chip Baird to head PWP Growth Equity. The two will join PWP as partners in the asset management business and will be based in New York.

Ferguson, a 25-year private equity vet and former partner at Weston Presidio, was also a partner at JPMorgan Partners (and its predecessor organizations, Chase Capital Partners and Chemical Venture Partners) and has worked in the mergers and acquisitions group of Bankers Trust and Prudential Securities.

Baird, a 15-year industry vet, was also a Weston Presidio partner. Prior to that he was a p.e. investor with The Beacon Group, where he focused on industrial services, energy and general manufacturing companies. Baird began his career in the Investment Banking Division at Merrill Lynch.

The PWP Growth Equity strategy will invest primarily in lower middle market companies in the consumer, services and industrials sectors, focusing on firms with “strong management leadership, large addressable markets, compelling margins and cash flow conversion, differentiated products or services and strong growth prospects.”

Said Terry Meguid, PWP's founding partner and head of the asset management business, in a statement:

“Identifying proven and experienced professionals to lead new strategies and further diversify our offering of alternative investment solutions continues to be a primary focus for the Firm. Dave and Chip have a demonstrated track record of successfully sourcing,  overseeing and exiting compelling investments and delivering attractive returns for investors.”


In Depth

Q&A: Brevan Howard’s Charlotte Valeur Talks Strategy

Sep 18 2014 | 11:18am ET

Charlotte Valeur chairs the board of Brevan Howard Credit Catalysts, an LSE listed...

Lifestyle

Hedgies Rock Out For Children's Charity

Sep 15 2014 | 8:40am ET

It's that time of year again—when hedgies trade in their spreadsheets for guitars...

Guest Contributor

Volkered: How Financial Sector Reforms are Creating Opportunities for Hedge Funds

Sep 16 2014 | 11:28am ET

New regulations have dramatically curtailed proprietary trading activity in investment...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

September 2014 Cover

The London Whale: Rogue risk management

Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.