Charlesbank Capital Partners
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| Company type | Private |
|---|---|
| Industry | Private Equity |
| Founded | 1998 |
| Headquarters | New York City and Boston (United States) |
Key people | Michael R. Eisenson, Michael Choe |
| Products | Private equity funds, Leveraged buyouts, Recapitalizations, Growth capital |
| Total assets | $23 Billion |
Number of employees | 180 |
| Website | www |
Charlesbank Capital Partners is an American private equity investment firm based in Boston and New York City that specializes in the middle market. The firm has $23B of total assets across three investment strategies: flagship middle market private equity, lower middle market technology private equity and middle market opportunistic credit.[1]
Background
[edit]The founders of Charlesbank came together as Harvard Private Capital Group to manage the private equity investment portfolio for the Harvard University endowment.[2][3] In 1998, they left the endowment to launch Charlesbank Capital Partners as an independent firm.[4]
In 2016 Charlesbank established a credit investment strategy, and in 2019, it added a technology opportunities strategy.[5][2] Michael Choe succeeded Michael Eisenson, a founding partner, as CEO in 2017.[6]
Funds
[edit]Across its three complementary strategies the firm has over $22 billion in Total Assets and employs over 180 people.[7]
Flagship Private Equity Fund X – closed in January 2021, at its hard cap of $4.1B[8]
Credit Opportunities Fund III – closed in January 2024, above its target at $1.5B[9]
Technology Opportunities Fund II – closed in June 2024, surpassing its initial hard cap at $1.275 B[10]
Portfolio
[edit]Since its 1998 inception, Charlesbank has developed middle market experience and specific sector expertise with a focus on: Business & Consumer Services, Healthcare, Industrial, and Technology & Technology Infrastructure.[2] Investments include Aprio[11] and Front Row Group[12] for the Flagship strategy, Learfield for Credit Opportunities,[13] and Implan Group for Technology Opportunities.[14]
References
[edit]- ^ "Charlesbank". Charlesbank.
- ^ a b c Singh, Preeti (November 23, 2020). "Charlesbank Progresses Toward $3.25 Billion Goal for New Flagship Fund". WSJ.
- ^ Strom, Stephanie (July 25, 2004). "Harvard's Invisible Fund-Raising". NYT.
- ^ Chimberg, Richard (July 10, 1998). "Harvard Betting on New Firm". The Boston Globe. p. 82 – via Newspapers.com.
- ^ Armental, Maria (June 20, 2024). "Charlesbank Advances Technology Strategy With Nearly $1.28 Billion Fund". WSJ.
- ^ "Charlesbank Capital Appoints Chief Executive". WSJ. June 2, 2017.
- ^ "Charlesbank". Charlesbank.
- ^ "Charlesbank Capital Partners". Growthcap Advisory.
- ^ Blumenthal, Robin (February 1, 2024). "Charlesbank Closes Opportunities Fund at $1.5bn". Private Debt Investor.
- ^ Cavanagh, Cassidy (June 20, 2024). "Charlesbank Closes $1.3B Tech Fund". The Middle Market.
- ^ Chowdry, Amit (July 22, 2024). "Aprio Raises Strategic Growth unding From Charlesbank". Pulse 2.0.
- ^ Armental, Maria (September 3, 2024). "Charlesbank Acquires Digital Agency Front Row". WSJ.
- ^ Libit, Daniel; Novy-Williams, Eben; Badenhausen, Kurt (September 13, 2023). "Learfield Cute $600M in Debt, Raises $150M in Ownership Shuffle". Sportico.
- ^ Armental, Maria (November 18, 2024). "Charlesbank Acquires Economic Analysis Software Provider Implan". WSJ.
External links
[edit]- Charlesbank Capital Partners (company website)
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