Atlantic-Pacific Capital
Encyclopedia
Atlantic-Pacific Capital (APC) is a leading independently-owned placement agent
. APC has established relationships with a network of institutional investor
s in North America, Europe, the Middle East, Australasia, and the emerging markets to which it markets private equity fund
s.
Founded in 1995, APC has raised in excess of $50 billion for over 50 transactions. APC has an established brand within the private equity community and is dedicated to maintaining relationships with over 4,000 alternative investors worldwide.
The firm is based in Greenwich, Connecticut
with other offices in New York, San Francisco, Chicago, London, and Hong Kong.
and Merrill Lynch
before founding a hedge fund
advisory business, Everest Capital. In its first ten years, the firm managed over $18 billion in fundraisings. Among its early mandates included Pegasus Capital Advisors
, Newbridge Capital, Wexford Capital and Greenwich Street Capital in the 1990s as well as New Mountain Capital
, Littlejohn & Co.
, Wellspring Capital, Evercore Partners
, Mattlin Patterson, The Jordan Company and Platinum Equity Partners in the early 2000s.
In 2005, APC launched its direct placements group forming a new team to advise fundless sponsors on placements of equity for private equity transactions. In more recent years, APC has completed fundraisings for private equity firms including Energy Capital Partners, MPM Capital
and Henderson Global Investors, among others.
Atlantic-Pacific is one of the leads in a private placement lobbying group, along with C.P. Eaton, in the effort to protest a new rule opened for comment by The Securities and Exchange Commission. The SEC proposal under the Investment Advisers Act of 1940
would prohibit an adviser from providing or agreeing to provide, directly or indirectly, payment to any third party for a solicitation of advisory business from any government entity on behalf of such adviser. A number of leaders in private equity has written into the SEC to comment.
(GPs) in a variety of fundraising mandates, typically assuming from six to eight mandates per year. The firm's core business is matching its GP clients with potential institutional investor
s (LPs) with whom the firm has a relationship. Using a partnership model, all of APC's senior professionals work together on every deal. Among the firm's mandates are private equity fund placements, real estate fund placements and direct placements. Since its founding, APC has successfully raised a variety of private equity
funds focusing on buyout
, distressed, infrastructure
, real estate
, venture capital
, mezzanine capital
, and other special situations globally since 1995.
Most of APC’s professionals have been recruited from the internal placement agent groups of large investment banks where they raised capital for alternative investment products. Additionally, APC has a number of professionals with consulting and buy-side backgrounds.
Atlantic-Pacific is registered with the U.S. Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority
(FINRA), and all relevant regulatory institutions and supports the 2009 ILPA Placement Agents' Code of Conduct.
clients in all stages of the fundraise. For each of its 6 to 8 noncompeting private fund placements per year, the firm strategically positions each fund manager in the market and communicates a unique strategy to prioritized and interested investors. Seamless execution is ensured by the project management teams, who assist in the presentation of all offering materials, marketing presentations, and due diligence books; prepare GPs for potential fundraising issues to minimize “surprises”; develop a marketing plan in tandem with the global sales force to build momentum; advise on the timing and nature of closings; negotiate documentation alongside GPs; and provide creative solutions to term requests from LPs.
; project or construction finance
; distressed, restructuring and recapitalization
s; venture capital
; and joint venture
s.
Atlantic-Pacific has significant experience across a range of private capital solutions, including: equity
and equity-linked securities, mezzanine capital
; preferred securities
; hybrid securities and Private Investment in Public Equity
transactions (PIPEs).
Private placement agent
Private placement agent or placement agent is a firm assisting either funds managers in the alternative asset class or entrepreneurs/private companies Private placement agent or placement agent is a firm assisting either funds managers in the alternative asset class (e.g. private equity ,...
. APC has established relationships with a network of institutional investor
Institutional investor
Institutional investors are organizations which pool large sums of money and invest those sums in securities, real property and other investment assets...
s in North America, Europe, the Middle East, Australasia, and the emerging markets to which it markets private equity fund
Private equity fund
A private equity fund is a collective investment scheme used for making investments in various equity securities according to one of the investment strategies associated with private equity....
s.
Founded in 1995, APC has raised in excess of $50 billion for over 50 transactions. APC has an established brand within the private equity community and is dedicated to maintaining relationships with over 4,000 alternative investors worldwide.
The firm is based in Greenwich, Connecticut
Greenwich, Connecticut
Greenwich is a town in Fairfield County, Connecticut, United States. As of the 2010 census, the town had a total population of 61,171. It is home to many hedge funds and other financial service companies. Greenwich is the southernmost and westernmost municipality in Connecticut and is 38+ minutes ...
with other offices in New York, San Francisco, Chicago, London, and Hong Kong.
History
APC was founded in 1995 by Jim Manley who had worked as an investment banker for Prudential SecuritiesPrudential Securities
Prudential Securities was the financial services arm of the insurer, Prudential Financial. In 2003, Prudential Securities was merged into Wachovia Securities, a division of Wachovia Bank.-History:...
and Merrill Lynch
Merrill Lynch
Merrill Lynch is the wealth management division of Bank of America. With over 15,000 financial advisors and $2.2 trillion in client assets it is the world's largest brokerage. Formerly known as Merrill Lynch & Co., Inc., prior to 2009 the firm was publicly owned and traded on the New York...
before founding a hedge fund
Hedge fund
A hedge fund is a private pool of capital actively managed by an investment adviser. Hedge funds are only open for investment to a limited number of accredited or qualified investors who meet criteria set by regulators. These investors can be institutions, such as pension funds, university...
advisory business, Everest Capital. In its first ten years, the firm managed over $18 billion in fundraisings. Among its early mandates included Pegasus Capital Advisors
Pegasus Capital Advisors
Pegasus Capital Advisors L.P. is a private equity investment firm founded in 1995 by former co-founder of Apollo Management and Drexel Burnham Lambert lawyer, Craig Cogut. Cogut is a Managing Partner at Pegasus Capital Advisors, L.P...
, Newbridge Capital, Wexford Capital and Greenwich Street Capital in the 1990s as well as New Mountain Capital
New Mountain Capital
New Mountain Capital is a firm dealing in private equity and growth capital investments across acyclical growth industries. The firm emphasizes growth and business building, rather than high risk or debt leverage, in its investments...
, Littlejohn & Co.
Littlejohn & Co.
Littlejohn & Co. is a private equity firm focused on leveraged buyout transactions, leveraged recapitalizations of middle-market companies and distressed securities. The firm focuses on companies requiring an operational turnaround particularly in a variety of industrial and service sectors.The...
, Wellspring Capital, Evercore Partners
Evercore Partners
Evercore Partners is an investment bank located in New York City. Evercore also has an investment management business through which the Company manages private equity and venture capital funds for institutional investors...
, Mattlin Patterson, The Jordan Company and Platinum Equity Partners in the early 2000s.
In 2005, APC launched its direct placements group forming a new team to advise fundless sponsors on placements of equity for private equity transactions. In more recent years, APC has completed fundraisings for private equity firms including Energy Capital Partners, MPM Capital
MPM Capital
MPM Capital is a private equity firm focused on venture capital investments in early stage companies across a range of sectors in the health care industry including biotechnology, specialty pharma and medical technology....
and Henderson Global Investors, among others.
Atlantic-Pacific is one of the leads in a private placement lobbying group, along with C.P. Eaton, in the effort to protest a new rule opened for comment by The Securities and Exchange Commission. The SEC proposal under the Investment Advisers Act of 1940
Investment Advisers Act of 1940
The Investment Advisers Act of 1940, codified at through , is a United States federal law that was created to regulate the actions of investment advisers as defined by the law.-Overview:The law provides in part:-Contents:...
would prohibit an adviser from providing or agreeing to provide, directly or indirectly, payment to any third party for a solicitation of advisory business from any government entity on behalf of such adviser. A number of leaders in private equity has written into the SEC to comment.
Business
APC represents a limited number of private fund managersPrivate equity firm
A private equity firm is an investment manager that makes investments in the private equity of operating companies through a variety of loosely affiliated investment strategies including leveraged buyout, venture capital, and growth capital...
(GPs) in a variety of fundraising mandates, typically assuming from six to eight mandates per year. The firm's core business is matching its GP clients with potential institutional investor
Institutional investor
Institutional investors are organizations which pool large sums of money and invest those sums in securities, real property and other investment assets...
s (LPs) with whom the firm has a relationship. Using a partnership model, all of APC's senior professionals work together on every deal. Among the firm's mandates are private equity fund placements, real estate fund placements and direct placements. Since its founding, APC has successfully raised a variety of private equity
Private equity
Private equity, in finance, is an asset class consisting of equity securities in operating companies that are not publicly traded on a stock exchange....
funds focusing on buyout
Buyout
A buyout, in finance, is an investment transaction by which the ownership equity of a company, or a majority share of the stock of the company is acquired. The acquiror thereby "buys out" control of the target company....
, distressed, infrastructure
Infrastructure
Infrastructure is basic physical and organizational structures needed for the operation of a society or enterprise, or the services and facilities necessary for an economy to function...
, real estate
Real estate
In general use, esp. North American, 'real estate' is taken to mean "Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; an item of real property; buildings or...
, venture capital
Venture capital
Venture capital is financial capital provided to early-stage, high-potential, high risk, growth startup companies. The venture capital fund makes money by owning equity in the companies it invests in, which usually have a novel technology or business model in high technology industries, such as...
, mezzanine capital
Mezzanine capital
Mezzanine capital, in finance, refers to a subordinated debt or preferred equity instrument that represents a claim on a company's assets which is senior only to that of the common shares...
, and other special situations globally since 1995.
Most of APC’s professionals have been recruited from the internal placement agent groups of large investment banks where they raised capital for alternative investment products. Additionally, APC has a number of professionals with consulting and buy-side backgrounds.
Atlantic-Pacific is registered with the U.S. Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority
Financial Industry Regulatory Authority
In the United States, the Financial Industry Regulatory Authority, Inc., or FINRA, is a private corporation that acts as a self-regulatory organization . FINRA is the successor to the National Association of Securities Dealers, Inc. ...
(FINRA), and all relevant regulatory institutions and supports the 2009 ILPA Placement Agents' Code of Conduct.
Private equity fund placements
Teams of sales professionals are backed by project management teams, which support General PartnerGeneral partner
General partner is a legal term used to describe a person who joins with at least one other person to form a business. A general partner has responsibility for the actions of the business, can legally bind the business and is personally liable for all the business's debts and obligations.General...
clients in all stages of the fundraise. For each of its 6 to 8 noncompeting private fund placements per year, the firm strategically positions each fund manager in the market and communicates a unique strategy to prioritized and interested investors. Seamless execution is ensured by the project management teams, who assist in the presentation of all offering materials, marketing presentations, and due diligence books; prepare GPs for potential fundraising issues to minimize “surprises”; develop a marketing plan in tandem with the global sales force to build momentum; advise on the timing and nature of closings; negotiate documentation alongside GPs; and provide creative solutions to term requests from LPs.
Direct private placements
Atlantic-Pacific Capital's Direct Private Placements group provides financial advisory and capital raising services to public and private companies, special purpose vehicles, newly-formed ventures, and startups to meet their capital raising objectives. Drawing on its experience raising private equity funds globally, the Direct Private Placements platform at Atlantic-Pacific Capital is unique in its ability to introduce clients to numerous pools of capital besides private equity firms that other agents may not be able to tap into including limited partners, family offices, endowments and pension funds. The direct private placement focus areas include: acquisition finance and mergers and acquisitionsMergers and acquisitions
Mergers and acquisitions refers to the aspect of corporate strategy, corporate finance and management dealing with the buying, selling, dividing and combining of different companies and similar entities that can help an enterprise grow rapidly in its sector or location of origin, or a new field or...
; project or construction finance
Project finance
Project finance is the long term financing of infrastructure and industrial projects based upon the projected cash flows of the project rather than the balance sheets of the project sponsors...
; distressed, restructuring and recapitalization
Recapitalization
Recapitalization is a sort of a corporate reorganization involving substantial change in a company's capital structure. Recapitalization may be motivated by a number of reasons. Usually, the large part of equity is replaced with debt or vice versa...
s; venture capital
Venture capital
Venture capital is financial capital provided to early-stage, high-potential, high risk, growth startup companies. The venture capital fund makes money by owning equity in the companies it invests in, which usually have a novel technology or business model in high technology industries, such as...
; and joint venture
Joint venture
A joint venture is a business agreement in which parties agree to develop, for a finite time, a new entity and new assets by contributing equity. They exercise control over the enterprise and consequently share revenues, expenses and assets...
s.
Atlantic-Pacific has significant experience across a range of private capital solutions, including: equity
Equity (finance)
In accounting and finance, equity is the residual claim or interest of the most junior class of investors in assets, after all liabilities are paid. If liability exceeds assets, negative equity exists...
and equity-linked securities, mezzanine capital
Mezzanine capital
Mezzanine capital, in finance, refers to a subordinated debt or preferred equity instrument that represents a claim on a company's assets which is senior only to that of the common shares...
; preferred securities
Preferred stock
Preferred stock, also called preferred shares, preference shares, or simply preferreds, is a special equity security that has properties of both an equity and a debt instrument and is generally considered a hybrid instrument...
; hybrid securities and Private Investment in Public Equity
Private investment in public equity
A private investment in public equity, often called a PIPE deal, involves the selling of publicly traded common shares or some form of preferred stock or convertible security to private investors. In the U.S...
transactions (PIPEs).
Investor relationships
Atlantic-Pacific has strong relationships with a broad spectrum of leading investors, who specialize on alternative investments, including:- EndowmentsFinancial endowmentA financial endowment is a transfer of money or property donated to an institution. The total value of an institution's investments is often referred to as the institution's endowment and is typically organized as a public charity, private foundation, or trust....
- Family officeFamily officeA family office is a private company that manages investments and trusts for a single wealthy family. The company's financial capital is the family's own wealth, often accumulated over many family generations. Traditional family offices provide personal services such as managing household staff and...
s - FoundationsPrivate foundationA private foundation is a legal entity set up by an individual, a family or a group of individuals, for a purpose such as philanthropy. The Bill & Melinda Gates Foundation is the largest private foundation in the U.S. with over $38 billion in assets...
- Hedge funds
- Insurance companies
- High net worth individualHigh net worth individualA high-net-worth individual is a person with a high net worth. In the private banking business, these individuals typically are defined as having investable assets in excess of US$1 million. As explained below, the U.S...
s - Private equity firmPrivate equity firmA private equity firm is an investment manager that makes investments in the private equity of operating companies through a variety of loosely affiliated investment strategies including leveraged buyout, venture capital, and growth capital...
s - Public and private pensionsPension fundA pension fund is any plan, fund, or scheme which provides retirement income.Pension funds are important shareholders of listed and private companies. They are especially important to the stock market where large institutional investors dominate. The largest 300 pension funds collectively hold...
- Sovereign wealth fundSovereign wealth fundA sovereign wealth fund is a state-owned investment fund composed of financial assets such as stocks, bonds, property, precious metals or other financial instruments. Sovereign wealth funds invest globally. Some of them have grabbed attention making bad investments in several Wall Street financial...
s