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

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...

 

From the current issue of