Charlesbank Capital Partners, LLC Closes Sixth Buyout Fund at $900 Million.BOSTON -- Charlesbank Capital Partners, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control announced that it has held a final closing on $900 million for Charlesbank Equity Fund VI. The fund, which the firm began marketing in February, was heavily oversubscribed Refers to connecting more users to a system than can be fully supported if all of them were using it at the same time. Networks and servers are almost always designed with some amount of oversubscription, counting on the fact that everybody does not need the service simultaneously. by existing investors and a limited number of new participants, including several prominent endowments and foundations. Charlesbank's previous fund, closed in 2001, totaled nearly $600 million and was the firm's first to include investors in addition to Harvard University Harvard University, mainly at Cambridge, Mass., including Harvard College, the oldest American college. Harvard College Harvard College, originally for men, was founded in 1636 with a grant from the General Court of the Massachusetts Bay Colony. . Charlesbank focuses on middle-market management-led buyouts and growth capital financings. The firm will typically invest $25 million to $75 million per transaction, at a pace that will likely see most of the Fund VI capital deployed in three to five years. The principals will continue to target portfolio companies with enterprise values of between $50 million and $750 million, investing primarily in industries where they have experience and in situations where they can partner with strong operating managers. Charlesbank's current portfolio spans a broad array of sectors, including financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , manufacturing, agriculture and food service, consumer products, energy, healthcare and business services. "We are delighted that nearly all of our previous investors chose to continue with us, and are pleased to welcome several very distinguished new investors to Fund VI," says Michael R. Eisenson Michael R. Eisenson is Co-Founder, Managing Director and Chief Executive Officer of Charlesbank Capital Partners, LLC, a private investment firm and the investment manager of certain assets of Harvard Management Company, which he joined in 1986. , Managing Director at Charlesbank. "We limited capital commitments to $900 million in order to strike the proper balance between maintaining the strategy and focus that have worked so well for us over the years and taking appropriate advantage of our deepening investment team." The principals target firms across the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Canada, seeking companies with sustainable competitive advantage, talented senior management and excellent prospects for growth. Putting the new fund to work is a team of 14 investment professionals led by managing directors Kim Davis, Michael Eisenson, Andrew Janower, Tim Palmer, Mark Rosen and Michael Thonis. Charlesbank Capital Partners, LLC is a private equity firm with more than $1.5 billion of capital under management. Since 1991, the partners have invested more than $1.2 billion in 44 companies. The firm has offices in Boston and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . For more information, visit www.charlesbank.com. |
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