Sunday, 31 August 2014
Last updated 1 day ago
Jul 2 2008 | 10:15am ET
Topspin Partners has closed its second buyout fund with $132 million.
The Long Island private equity firm’s Topspin Partners LBO had a $100 million initial target and a hard cap of $150 million. It had already raised some $115 million at a previous closing in May 2007.
The lead investor in the lower middle-market buyout fund is fellow Long Islander James Simons, the billionaire head of East Setauket, N.Y.-based quantitative hedge fund Renaissance Technologies. Other investors include high net-worth individuals and family offices.
Topspin focuses on taking controlling stakes in companies with between $2 million and $7 million in earnings, especially in the consumer products, retail, food, media, niche manufacturing and security industries.
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...