Buyout Shop Raises $2.3B 25-Year Fund

Sep 3 2008 | 11:18am ET

Buyout shops have been known to hold onto their investor’s money for as much as seven to 10 years, but one New York firm is taking lockups to new lengths.

American Securities, a middle-market buyout firm, has closed its latest offering, American Securities Partners V, with committed capital of more than $2.3 billion. The lockup? Twenty-five years.

“Our investors understand our enthusiasm to help managers build their companies for the long-term,” said American Securities CEO Michael Fisch. “The unique 25-year investment horizon of this partnership will allow us to continue to create high long-term, risk-adjusted rates of return for our management partners and investors.”

American Securities was founded in 1947 as the family office of William Rosenwald, heir to the Sears Roebuck fortune.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...