Angelo, Gordon Hires Two, Readies To Launch Private Equity Funds

Sep 12 2007 | 11:28am ET

Alternative investment shop Angelo, Gordon & Co. has added two professionals to its private equity group, and will soon begin fundraising for its latest fund, AG Private Equity Partners IV.
 
Jeff Feinberg, formerly of Alvarez & Marsal, joins the firm as a managing director responsible for sourcing, performing due diligence, and executing transactions involving distressed companies.

Harish Nataraj has also joined the firm as a senior associate. Previously, Nataraj was with Kohlberg & Company as an associate focused on middle market buyouts in the manufacturing, services, healthcare and consumer products industries. 
 
“The addition of Jeff and Harish will enable us to continue to build on the past successes of our private equity activities, which are focused on deep value, off-the-beaten-path transactions,” said David Roberts, senior managing director at Angelo, Gordon. 
 
With its latest hires in place, the firm is set to launch its next private equity fund, AG Private Equity Partners IV, with a target of $700 million.  In addition, the firm also plans to raise a “Reserve Fund” with a target of $200 million that will be used to participate in investments greater than $75 million. 
 
“We are extremely excited about executing our strategy in the context of what we believe is the beginning of a significant credit correction,” said Roberts. “As this credit cycle unwinds, we believe there will be substantial opportunities for us to purchase smaller and distressed businesses at deep value prices.  We have particular expertise in specialty finance and see many opportunities arising from the mortgage meltdown.” 


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