Pegasus Capital Closes $750M Fund

Dec 12 2007 | 10:37am ET

Private equity firm Pegasus Capital Advisors has closed its fourth p.e. fund, reaching its $750 million target. Pegasus raised the capital from a variety of limited partners including major public and corporate pension funds, leading endowments, fund of funds and family offices. 

“Given the quality of our investment pipeline and the depth of our transaction team, we are especially well positioned to deploy this capital in an efficient manner,” said Pegasus founder Craig Cogut. 

The firm’s latest offering has already made a number of investments, including most recently an investment in T&M Protection Resources, a security services provider in New York.

Park Hill Group assisted in the placement of the fund and Akin Gump Strauss Hauer & Feld served as legal counsel. 

Established in 1995, Pegasus currently manages over $1.8 billion in assets through several private equity funds.


In Depth

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

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

Star Mountain Capital: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of