Charlesbank Capital Partners

Charlesbank Capital Partners
Private Ownership
Industry Private Equity
Founded 1998 (1998)
Headquarters New York City and Boston (United States)
Key people
 Michael R. Eisenson, Michael Choe, Jon Biotti
Products Private equity funds, Leveraged buyouts, Recapitalizations, Growth capital
Total assets $3 Billion
Website www.charlesbank.com

Charlesbank Capital Partners is a private equity investment firm focusing on leveraged buyout transactions involving middle-market companies. The firm typically invests $50 million to $150 million of equity per transaction in companies with enterprise values of $100 million to $750 million. Charlesbank's strategy emphasizes investing across a broad range of industries, transaction types and levels of the capital structure.

The founders of Charlesbank came together in 1991 as Harvard Private Capital Group to manage the private equity investment portfolio for Harvard Management Company.[1][2] In 1998, the founders launched Charlesbank Capital Partners, an independent firm also based in Boston, Massachusetts.

In 2000, the firm raised $600 million for Charlesbank Equity Fund V, its first fund to include outside institutional investors. Subsequent funds include Charlesbank Equity Fund VI ($1 billion raised in 2005), Charlesbank Equity Fund VII ($1.5 billion raised in 2009) and Charlesbank Equity Fund VIII ($1.75 billion raised in 2014).[3][4] The firm's founders include CEO Michael R. Eisenson, Kim Davis, Tim Palmer, Mark Rosen and Michael Thonis. Charlesbank is currently led by the founding team and fellow managing directors Jon Biotti, Sam Bartlett, Ryan Carroll, Michael Choe (President), Andrew Janower, Joshua Klevens and Brandon White. The firm employs more than 40 people between its Boston and New York City offices and has over $3.0 billion of capital under management.

See also

References

  1. ↑ Strom, Stephanie. Harvard's Invisible Fund-Raising. New York Times, July 25, 2004.
  2. ↑ Harvard's endowment fund cuts reliance on bonds International Herald Tribune, December 15, 2006
  3. ↑ Witkowsky, Christopher, Private Equity Online, "Charlesbank Raises $1.5Bn in 'Blink of an Eye,'" September 10, 2009
  4. ↑ Wee, Gillian, Bloomberg, "Harvard's Crimson Cubs With $43 B Dwarf Their Former Endowment Home," March 2, 2011


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