Fenway Partners is an American private equity firm that makes leveraged buyout and growth capital investments in transportation, logistics, consumer products and manufacturing companies in the middle market.
The firm was founded in 1994 by Richard Dresdale (formerly Clayton, Dubilier & Rice) and Peter Lamm (formerly Butler Capital Partners) and has over $2 billion of capital under management. Since inception, the firm has raised three private equity funds. Fenway's first fund, closed on approximately $525 million of capital commitments in 1996 and just two years later, in 1998, the firm raised an additional $900 million of capital. As a result of several investments made in the 1998 fund, prior to the collapse of the dot-com bubble, performance in that fund was affected. Nevertheless, the firm was able to raise a successor fund in 2006 and 2007 with approximately $700 million of commitments from institutional investors.
Read more about Fenway Partners: Investments, Mergers, Miscellaneous
Famous quotes containing the word partners:
“I have had, and may have still, a thousand friends, as they are called, in life, who are like one’s partners in the waltz of this world—not much remembered when the ball is over.”
—George Gordon Noel Byron (1788–1824)