Thursday, 18 December 2014
Last updated 30 min 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.