Tuesday, 30 June 2015
Last updated 41 min 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.
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…