Sunday, 25 January 2015
Last updated 2 days ago
Jul 25 2008 | 8:52am ET
Boston- and West Palm Beach, Fla.-based private equity firm Accretive Exit Capital Partners, has closed its first fund with commitments of $125 million.
Accretive Exit Capital Partners will focus on buying assets directly from blue-chip mid-market buyout funds. The fund will target a diversified pool of later-stage growth companies among vintage 1999 through 2003 funds.
"We only seek to purchase high quality growth assets that are under-levered [less than 2.5 times debt to EBITDA] and growing earnings at a double digit rate, to date these assets had plenty of options for liquidity, today we're the most attractive option” said Drew Reilly, a founding partner of Accretive Exit Capital.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…