Saturday, 31 January 2015
Last updated 1 day ago
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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…