Monday, 31 August 2015
Last updated 2 days 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…