RenTech’s Simons Bankrolls $132M Buyout Fund

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.

 


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...

 

From the current issue of