Charlesbank Capital Partners is a

private equity In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a ty ...

investment firm An investment company is a financial institution principally engaged in holding, managing and investing securities. These companies in the United States are regulated by the U.S. Securities and Exchange Commission and must be registered under the ...

focusing on management-led buyouts and growth capital financing of

middle-market companies Authorities provide differing definitions of the middle-market or mid-market companies. While some authorities look to revenue generated by companies to define the middle market, other sources regard either asset size or number of employees as a bet ...

. The firm typically invests $50 million to $250 million of equity per transaction in companies with

enterprise value Enterprise value (EV), total enterprise value (TEV), or firm value (FV) is an economic measure reflecting the market value of a business (i.e. as distinct from market price). It is a sum of claims by all claimants: creditors (secured and unsecured) ...

s of $150 million to $1.5 billion. Charlesbank's strategy emphasizes investing across a broad range of industries, transaction types and levels of the capital structure. With the addition of a credit strategy in 2016, the firm also engages in opportunistic or special situations credit investing. The founders of Charlesbank came together in 1991 as Harvard Private Capital Group to manage the

investment portfolio for

Harvard Management Company The Harvard University endowment (valued at $53.2 billion ) is the largest academic endowment in the world. Its value increased by over 10 billion dollars in fiscal year 2021, ending in the largest sum in its history. Along with Harvard's pension ...

. In 1998, the founders launched Charlesbank Capital Partners, an independent firm also based in Boston, Massachusetts. The firm employs more than 65 people between its Boston and

New York City New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the L ...

offices and has over $5 billion of capital under management. In 2000, the firm raised ~$600 million for Charlesbank Equity Fund V, its first fund to include outside

institutional investor An institutional investor is an entity which pools money to purchase securities, real property, and other investment assets or originate loans. Institutional investors include commercial banks, central banks, credit unions, government-linked co ...

s. Subsequent funds include Charlesbank Equity Fund VI ($1 billion raised in 2005), Charlesbank Equity Fund VII (~$1.5 billion raised in 2009), Charlesbank Equity Fund VIII (~$1.75 billion raised in 2014) and Charlesbank Equity Fund IX (~$2.75 billion raised in 2017)Dorian, Iris, https://www.pehub.com/2017/10/charlesbank-racks-up-2-75-bln-for-ninth-fund//ref> The firm's founders include co-chairmen Michael R. Eisenson and Kim Davis as well as Tim Palmer, Mark Rosen and Michael Thonis, who now serve as Senior Advisors. Charlesbank is currently led by managing directors Sam Bartlett, Darren Battistoni, Joshua Beer, Ryan Carroll, Michael Choe (CEO), Sandor Hau, Andrew Janower, Joshua Klevens, Hiren Mankodi, Stephanie Pare Sullivan and Brandon White.

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External links

Charlesbank Capital Partners
(company website) Private equity firms of the United States Harvard University Companies based in Massachusetts Financial services companies established in 1991 1991 establishments in Massachusetts {{US-private-equity-company-stub

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