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

Change In 'Accredited Investor' Definition Could Hurt Crowdfunding Space

Jul 25 2014 | 8:14am ET

The Securities and Exchange Commission is considering changes to its 30-year-old...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

The Truth About Track Record Portability

Jul 24 2014 | 5:55am ET

The number of private funds converting to mutual funds has increased significantly...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note