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

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

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

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

Often seen as a passion project, or part of a philanthropic venture, rare and fine stringed instruments offer an exciting option to diversify one’s investment portfolio while providing an opportunity for an exceptional long-term investment.