Prospect Partners
Encyclopedia
Prospect Partners, LLC is a private equity
firm that invests in management-led leveraged recapitalizations and buyouts of U.S.-based smaller lower-middle-market companies generating revenues typically under $75 million. Since its inception in 1998, Prospect Partners has raised $470 million in three institutionally-supported private equity funds focused on small niche leaders. Over that time, Prospect Partners has invested nationwide in more than 75 companies in diverse manufacturing, distribution, and service markets, including various specialty consumer, business, healthcare, and industrial industry segments.
Prospect Partners generally invests in profitable, growth-ready companies led by strong management teams that continue to run the business and drive its success.
As an opportunistic investor, Prospect Partners pursues transactions in a number of ways: by working with current management teams seeking a recapitalization, by backing outside executives in a buyout, and by co-investing with independent equity sponsors. Private equity situations, in which the firm invests, include leveraged expansions, industry consolidations, corporate orphans, transitional sales, and undermanaged companies. Prospect Partners seeks to build equity value in its companies over time through internal growth and/or subsequent acquisitions.
In August, 2010, Prospect Partners closed its third fund. Investors in Prospect Partners III, L.P include some of the nation’s leading financial managers: Goldman Sachs
, J.P. Morgan Asset Management, Performance Equity Management, LLC, the University of Notre Dame
, Northern Trust
, Commonfund Capital, and RCP Advisors
.
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....
firm that invests in management-led leveraged recapitalizations and buyouts of U.S.-based smaller lower-middle-market companies generating revenues typically under $75 million. Since its inception in 1998, Prospect Partners has raised $470 million in three institutionally-supported private equity funds focused on small niche leaders. Over that time, Prospect Partners has invested nationwide in more than 75 companies in diverse manufacturing, distribution, and service markets, including various specialty consumer, business, healthcare, and industrial industry segments.
Prospect Partners generally invests in profitable, growth-ready companies led by strong management teams that continue to run the business and drive its success.
As an opportunistic investor, Prospect Partners pursues transactions in a number of ways: by working with current management teams seeking a recapitalization, by backing outside executives in a buyout, and by co-investing with independent equity sponsors. Private equity situations, in which the firm invests, include leveraged expansions, industry consolidations, corporate orphans, transitional sales, and undermanaged companies. Prospect Partners seeks to build equity value in its companies over time through internal growth and/or subsequent acquisitions.
In August, 2010, Prospect Partners closed its third fund. Investors in Prospect Partners III, L.P include some of the nation’s leading financial managers: Goldman Sachs
Goldman Sachs
The Goldman Sachs Group, Inc. is an American multinational bulge bracket investment banking and securities firm that engages in global investment banking, securities, investment management, and other financial services primarily with institutional clients...
, J.P. Morgan Asset Management, Performance Equity Management, LLC, the University of Notre Dame
University of Notre Dame
The University of Notre Dame du Lac is a Catholic research university located in Notre Dame, an unincorporated community north of the city of South Bend, in St. Joseph County, Indiana, United States...
, Northern Trust
Northern Trust
Northern Trust Corporation is an international financial services company headquartered in Chicago, Illinois, USA. It provides investment management, asset and fund administration, fiduciary and banking services through a network of 85 offices in 18 U.S. states and 12 international offices in North...
, Commonfund Capital, and RCP Advisors
RCP Advisors
RCP Advisors is a leading independent sponsor of private equity funds-of-funds, secondary funds, and co-investment funds. RCP was founded in 2001 and is headquartered in Chicago...
.
External links
- Prospect Partners, LLC (official website)