Charlesbank Capital Partners
{{Short description|American private equity investment firm}}
{{COI|date=October 2019}}
{{Infobox company|
| logo = Charlesbank Capital Partners logo.svg
| name = Charlesbank Capital Partners|
| type = Private|
| foundation = {{start date and age|1998}}|
| location = New York City and Boston (United States)
| industry = Private Equity|
| aum = $23 Billion|
| key_people = Michael R. Eisenson, Michael Choe
| products = Private equity funds, Leveraged buyouts, Recapitalizations, Growth capital|
| num_employees = 180|
| homepage = {{url|http://www.charlesbank.com/}}|
}}
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.{{Cite web| title=Charlesbank|url= https://www.charlesbank.com/|website=Charlesbank}}
Background
The founders of Charlesbank came together as Harvard Private Capital Group to manage the private equity investment portfolio for the Harvard University endowment.{{Cite news|last=Singh|first=Preeti|title=Charlesbank Progresses Toward $3.25 Billion Goal for New Flagship Fund|url= https://www.wsj.com/articles/charlesbank-progresses-toward-3-25-billion-goal-for-new-flagship-fund-11606160444|date=November 23, 2020|website=WSJ}}{{Cite news|last=Strom|first=Stephanie|title=Harvard’s Invisible Fund-Raising|url= https://www.nytimes.com/2004/07/25/business/harvard-s-invisible-fund-raising.html|date=July 25, 2004|website=NYT}} In 1998, they left the endowment to launch Charlesbank Capital Partners as an independent firm.{{cite news |last=Chimberg|first=Richard|title=Harvard Betting on New Firm|url= https://www.newspapers.com/image/441535455/?match=1&terms=Charlesbank%20Capital%20Partners|newspaper=The Boston Globe|date=July 10, 1998|page=82|via=Newspapers.com}}
In 2016 Charlesbank established a credit investment strategy, and in 2019, it added a technology opportunities strategy.{{Cite news|last=Armental|first=Maria|title=Charlesbank Advances Technology Strategy With Nearly $1.28 Billion Fund|url= https://www.wsj.com/articles/charlesbank-advances-technology-strategy-with-nearly-1-28-billion-fund-ff3712df|date=June 20, 2024|website=WSJ}} Michael Choe succeeded Michael Eisenson, a founding partner, as CEO in 2017.{{Cite news| title=Charlesbank Capital Appoints Chief Executive|url= https://www.wsj.com/articles/charlesbank-capital-appoints-chief-executive-1496417403|date=June 2, 2017|website=WSJ}}
Funds
Across its three complementary strategies the firm has over $22 billion in Total Assets and employs over 180 people.{{Cite web| title=Charlesbank|url= https://www.charlesbank.com/|website=Charlesbank}}
Flagship Private Equity Fund X – closed in January 2021, at its hard cap of $4.1B{{Cite web|title=Charlesbank Capital Partners|url= https://growthcapadvisory.com/firms/charlesbank-capital-partners/|website=Growthcap Advisory}}
Credit Opportunities Fund III – closed in January 2024, above its target at $1.5B{{Cite news|last=Blumenthal|first=Robin|title=Charlesbank Closes Opportunities Fund at $1.5bn|url= https://www.privatedebtinvestor.com/charlesbank-closes-opportunities-fund-at-1-5bn/|date=February 1, 2024|website=Private Debt Investor}}
Technology Opportunities Fund II – closed in June 2024, surpassing its initial hard cap at $1.275 B{{Cite news|last=Cavanagh|first=Cassidy|title=Charlesbank Closes $1.3B Tech Fund|url=https://www.themiddlemarket.com/latest-news/charlesbank-closes-1-275b-tech-fund|date=June 20, 2024|website=The Middle Market}}
Portfolio
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. Investments include Aprio{{Cite news|last=Chowdry|first=Amit|title=Aprio Raises Strategic Growth unding From Charlesbank|url=https://pulse2.com/aprio-raises-strategic-growth-funding-from-charlesbank/|date=July 22, 2024|website=Pulse 2.0}} and Front Row Group{{Cite news|last=Armental|first=Maria|title=Charlesbank Acquires Digital Agency Front Row|url=https://www.wsj.com/articles/charlesbank-acquires-digital-agency-front-row-270759a2|date=September 3, 2024|website=WSJ}} for the Flagship strategy, Learfield for Credit Opportunities,{{Cite news|last1=Libit|first1=Daniel|last2=Novy-Williams|first2=Eben|last3=Badenhausen|first3=Kurt|title=Learfield Cute $600M in Debt, Raises $150M in Ownership Shuffle|url=https://www.sportico.com/leagues/college-sports/2023/learfield-new-equity-debt-clearlake-charlesbank-fortress-1234738520/|date=September 13, 2023|website=Sportico}} and Implan Group for Technology Opportunities.{{Cite news|last=Armental|first=Maria|title=Charlesbank Acquires Economic Analysis Software Provider Implan|url=https://www.wsj.com/articles/charlesbank-acquires-economic-analysis-software-provider-implan-539f51c3|date=November 18, 2024|website=WSJ}}
References
{{Reflist}}
External links
- [http://www.charlesbank.com Charlesbank Capital Partners] (company website)
{{Private equity firms}}
{{Authority control}}
Category:Private equity firms of the United States
Category:Companies based in Massachusetts
Category:Financial services companies established in 1991
Category:1991 establishments in Massachusetts
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