Pine Brook Closes Maiden $1.43B P.E. Fund

Apr 9 2009 | 10:08am ET

New York-based Pine Brook Road Partners has closed its first private equity fund with capital commitments in excess of $1.43 billion. The fund will target equity investments of $100 million to $200 million in the energy and financial services sectors.

Pine Brook uses a “line of equity” structure that helps mitigate investment risk. Unlike traditional leveraged buyout investments where all the capital is invested upfront, Pine Brook’s “line of equity” approach advances capital over time as the investment opportunity becomes de-risked.

The fund is managed by a team of eight managing principals led by CEO Howard Newman. The other members of the group are Arnold Chavkin, Joseph Gantz, Robert Glanville, Robert Jackowitz, Craig Jarchow, Michael McMahon and William Spiegel.


In Depth

Q&A: Sancus Capital And The Disruption Of The CLO Market

Oct 5 2017 | 6:28pm ET

Traditional collateralized loan obligation (CLO) funds in the U.S. market can offer...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Finding Success as Alternatives Converge

Oct 9 2017 | 4:00pm ET

Rising interest among institutional investors over the past several years has led...

 

From the current issue of