Private equity firms: ranked by private equity assets under management.EXECUTIVE SUMMARY THE 20 largest private equity firms headquartered in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. County have more than $23 billion in assets under their management. Leonard Leon·ard , Ray Charles Known as "Sugar Ray." Born 1956. American boxer who won the 1976 Olympic light welterweight title. He held five world titles as both a welterweight and middleweight between 1979 and 1987. Noun 1. Green & Partners LP leads the list with approximately ap·prox·i·mate adj. 1. Almost exact or correct: the approximate time of the accident. 2. 40 percent of the assets among firms listed. Private equity firms raise their equity from a wide array of sources including high net worth individuals, institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. , pension funds, endowments, foundations and banks. Unlike venture capital firms Name Location Founding date Managing Partners/Directors Specialty Capital managed 5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M [1] , private equity firms typically invest in well-established companies, often buying them outright in partnership with other equity firms or as part of management-led buyouts. Beverly Beverly, city (1990 pop. 38,195), Essex co., NE Mass., on Massachusetts Bay; inc. as a city 1894. Its chief manufactures are electronic and scientific equipment, consumer goods, and chemicals. Hills-based Levine Le·vine , James Lawrence Born 1943. American pianist and conductor. He began his career with the Metropolitan Opera as principal conductor in 1973 and has since served as both music and artistic director. Leichtman Capital Partners and Los Angeles-based Caltius Capital Management were among the most active investors among local firms during 2006, with each firm making investments in nine companies. Los Angeles-based Celerity ce·ler·i·ty n. Swiftness of action or motion; speed. See Synonyms at haste. [French célérité, from Old French, from Latin celerit Partners made seven investments last year. Overall, 2006 was a busier year for local equity firms, who made 56 investments compared to just 38 during 2005. Gores Group ranked No. 5 on the list with $1.5 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. . The Los Angeles-based firm is run by Alec Gores Alec Gores is an American billionaire who made his fortune through leveraged buyouts of technology firms. His personal wealth was estimated at roughly $1.3 billion by Fortune magazine in 2006. . His brother Tom Gores Tom Gores is a self made financier whose investment holdings include California leveraged buyout business Platinum Equity, where he is founder, chairman and chief executive officer. Through Platinum Equity, Mr. runs buyout Buyout The purchase of a company or a controlling interest of a corporation's shares. Notes: A leveraged buyout is accomplished with borrowed money or by issuing more stock. firm Platinum platinum (plăt`ənəm), metallic chemical element; symbol Pt; at. no. 78; at. wt. 195.08; m.p. 1,772°C;; b.p. 3,827±100°C;; sp. gr. 21.45 at 20°C;; valence +2 or +4. Capital Equity Partners, which might have qualified for this list, but chose not to disclose financial information. Since inception INCEPTION. The commencement; the beginning. In making a will, for example, the writing is its inception. 3 Co. 31 b; Plowd. 343. Vide Consummation; Progression. , the 20 firms listed have made investments in more than 500 companies. THE PACESETTER LEONARD GREEN & PARTNERS LP LEONARD Green & Partners LP tops the list of the largest private equity firms headquartered in Los Angeles County with $9 billion in assets under its management. The firm more than doubled its assets last month when it closed on Green Equity Partners V LP, a whopping $5.3 billion fund. The fund was targeted for a value of $3.5 billion and $4 billion, but was significantly 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. as investors, including public and corporate pension funds, funds of funds, endowments, private foundations, banks, insurance companies and family offices, responded with high demand. It took approximately three months for the firm to raise the $5.3 billion in funds. Leonard Green & Partners has invested in 42 companies since its inception with an aggregate value of $31 billion. The firm makes investments in a diversified diversified (di·verˑ·s group of industries including retail and consumer-related businesses, distribution, media, business services and health care. Recent investments include David's Bridal  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . and Petco '' PETCO is a chain of retail stores that offers pet supplies and services such as grooming and dog training. Founded in 1965 and incorporated in Delaware, it is headquartered in San Diego, California, and is now a private company held by Texas Pacific Group and Leonard Animal Supplies. It has made successful exits by selling part of its position in flower retailer FFD FFD film-focal distance. Group Inc. and Dollar Financial. Founded in 1989, the firm typically makes investments in the range of $500 million to $2 billion. It targets cash flow positive businesses and has seen returns of approximately 40 percent annually.
Rank Company Assets Project Profile
* name (millions) (millions)
* address * minimum size
* Web site * preferred size
* investments (1)
1 Leonard Green & $9,000 $100
Partners LP $500-$2,000
11111 Santa Monica 42
Blvd., Suite 2000
Los Angeles 90025
leonardgreen.com
2 Oaktree Capital 6,300 25
Management LLC 100-200
333 S. Grand Ave., 115
28th Floor Los Angeles
90071
oaktreecapital.com
3 Shamrock Holdings of 2,000 2
California Inc. 40
4444 Lakeside Drive 65
Burbank 91505
shamrock.com
4 Levine Leichtman 2,000 5
Capital Partners 30
335 N. Maple Drive., 36
Suite 240 Beverly
Hills 90210
llcp.com
5 Aurora Capital 2,000 50
Partners LP 125
10877 Wilshire Blvd., NA
Suite 2100 Los Angeles
90024
auroracap.com
6 Centre Partners 1,500 10
Management LLC 10-85
11726 San Vicente 90
Blvd., Suite 450
Los Angeles 90049
centrepartners.com
7 The Gores Group 1,500 20
10877 Wilshire Blvd., 50-100
18th Floor Los Angeles 49
90024
gores.com
8 Freeman Spogli & Co. 1,300 50
LLC 100
11100 Santa Monica 41
Blvd., Suite 1900
Los Angeles 90025
freemanspogli.com
9 Seidler Equity 1,000 10
Partners 25
515 S. Figueroa St., 35
Suite 1100 Los Angeles
90071
sepfunds.com
10 Clarity Partners LP 814 10
100 N. Crescent Drive 25-75
Beverly Hills 90210 NA
claritypartners.net
11 Brentwood Associates 750 25
11150 Santa Monica 50
Blvd., Suite 1200 35
Los Angeles 90025
brentwood.com
12 Hancock Park 507 NA
Associates NA
1880 Century Park NA
East, Suite 900
Los Angeles 90067
hpcap.com
13 Caltius Capital 500 5
Management 5-40
11766 Wilshire Blvd., 46
Suite 850 Los Angeles
90025
caltius.com
14 Riordan Lewis & Haden 400 10
10900 Wilshire Blvd., 10-25
Suite 850 Los Angeles 35
90024
rlhequity.com
15 Lovell Minnick 350 10
Partners LLC 30
550 Deep Valley Drive, 22
Suite 293 Rolling
Hills Estates 90274
lovellminnick.com
16 Bison Capital Asset 263 10
Management LLC 10-40
10087 Wilshire Blvd., 9
Suite 1520 Los Angeles
90024
bisoncapital.com
17 Celerity Partners 200 2
11111 Santa Monica 2-10
Blvd., Suite 1127 61
Los Angeles 90025
celeritypartners.com
18 Vintage Fund 150 5
Management LLC 5-15
11611 San Vicente 7
Blvd., Suite 1000
Los Angeles 90049
vintagecapitalgroup.
com
19 Marlin Equity Partners 120 5
2121 Rosecrans Ave., 5-15
Suite 2370 El Segundo 5
90245
marlinequity.com
20 Wedbush Capital 120 2
Partners 5
1000 Wilshire Blvd., NA
Suite 830 Los Angeles
90017
wedbushcapital.com
Rank Company Preferred Companies
* name Industries Recently Funded
* address
* Web site
1 Leonard Green & retail, consumer The Brickman
Partners LP products, Group, Claim
11111 Santa Monica distribution, Jumper, David's
Blvd., Suite 2000 business services, Bridal, Neiman
Los Angeles 90025 health care Marcus Group,
leonardgreen.com Petco Animal
Supplies, The
Sports Authority,
The Tire Rack,
Tourneau
2 Oaktree Capital gaming, Alliance Imaging,
Management LLC entertainment, Liberman
333 S. Grand Ave., Media, Broadcasting,
28th Floor Los Angeles transportation, Groupe Smithfield,
90071 health care, oil R&R Ice Cream,
oaktreecapital.com & gas, energy, Nordenia
consumer products International,
and services Baby Phat, Polmos
Lublin
3 Shamrock Holdings of media, Real D, Teva Naot,
California Inc. entertainment, Modine Man., Next
4444 Lakeside Drive real estate, Wave Media,
Burbank 91505 manufacturing, Medison
shamrock.com hotels
4 Levine Leichtman consumer products, Wetzels Pretzels,
Capital Partners manufacturing, Poma
335 N. Maple Drive., services
Suite 240 Beverly
Hills 90210
llcp.com
5 Aurora Capital manufacturing, K&F Industries,
Partners LP distribution and Ames, Mitchell
10877 Wilshire Blvd., service International
Suite 2100 Los Angeles
90024
auroracap.com
6 Centre Partners consumer including Nexus Gas Partners
Management LLC retail and
11726 San Vicente restaurants
Blvd., Suite 450
Los Angeles 90049
centrepartners.com
7 The Gores Group technology, Enterasys
10877 Wilshire Blvd., telecom, Networks, SER
18th Floor Los Angeles industrial, Solutions
90024 business services
gores.com
8 Freeman Spogli & Co. retail, direct Mattress Giant
LLC marketing, Corp., Savers
11100 Santa Monica distribution
Blvd., Suite 1900
Los Angeles 90025
freemanspogli.com
9 Seidler Equity most industries NA
Partners are acceptable
515 S. Figueroa St.,
Suite 1100 Los Angeles
90071
sepfunds.com
10 Clarity Partners LP communications, Naylor LLC, Opnext
100 N. Crescent Drive media and business Inc.
Beverly Hills 90210 services
claritypartners.net
11 Brentwood Associates consumer and The Teaching Co.,
11150 Santa Monica consumer-related Ariat, Oriental
Blvd., Suite 1200 businesses and Trading Co.
Los Angeles 90025 business service
brentwood.com companies
12 Hancock Park manufacturing and American of
Associates retail Martinsville
1880 Century Park
East, Suite 900
Los Angeles 90067
hpcap.com
13 Caltius Capital health care, food Starpoint Health,
Management and beverage, Meyer Control
11766 Wilshire Blvd., consumer services Corp, U.S. Pole,
Suite 850 Los Angeles and products, KCAEP LLC, Lucky
90025 business services, Strike
caltius.com light Entertainment,
manufacturing True Home Value,
PlanMember
Financial Corp.
14 Riordan Lewis & Haden business services ITS Corp.,
10900 Wilshire Blvd., outsourcing, Con-Cise Lens Co.,
Suite 850 Los Angeles health care, Cymetrix
90024 distribution,
rlhequity.com manufacturing
15 Lovell Minnick financial ClariVest Asset
Partners LLC services, business Mgmt., PlanMember
550 Deep Valley Drive, services Financial Corp.
Suite 293 Rolling
Hills Estates 90274
lovellminnick.com
16 Bison Capital Asset basic industries Royal Wolf and
Management LLC Precision
10087 Wilshire Blvd., Accessment
Suite 1520 Los Angeles Technology
90024
bisoncapital.com
17 Celerity Partners IT services, TNR Entertainment,
11111 Santa Monica health care/life Pinnacle Treatment
Blvd., Suite 1127 sciences, leisure/ Centers,
Los Angeles 90025 entertainment, Synteract, Paris
celeritypartners.com manufacturing Precision, Peer
One, Verari
Systems
18 Vintage Fund manufacturing, ATS Systems Inc.,
Management LLC business services PCA Aerostructures
11611 San Vicente Inc.
Blvd., Suite 1000
Los Angeles 90049
vintagecapitalgroup.
com
19 Marlin Equity Partners software, Intuitive
2121 Rosecrans Ave., technology, Manufacturing
Suite 2370 El Segundo consumer products, Systems, Relevant
90245 health care, Business Systems,
marlinequity.com others SupplyWorks, XKO
Software, CMS
Software
20 Wedbush Capital business and extrusioneering
Partners financial
1000 Wilshire Blvd., services, consumer
Suite 830 Los Angeles products and
90017 services, niche
wedbushcapital.com manufacturing
Rank Company Preferred Top Local
* name Financing Stage(s) Executive
* address * name
* Web site * title
* phone
1 Leonard Green & leveraged buyouts John G. Danhakl/
Partners LP of established, Peter J. Nolan/
11111 Santa Monica cash-flow positive Jonathan D.
Blvd., Suite 2000 companies Sokoloff
Los Angeles 90025 managing partners
leonardgreen.com (310) 954-0444
2 Oaktree Capital distress for Howard Marks/
Management LLC control, buyouts Stephen Kaplan/
333 S. Grand Ave., Ronald Beck
28th Floor Los Angeles chairman/heads of
90071 private equity
oaktreecapital.com (213) 830-6300
3 Shamrock Holdings of 1978 Stanley Gold
California Inc. president
4444 Lakeside Drive (818) 845-4444
Burbank 91505
shamrock.com
4 Levine Leichtman growth equity Lauren B.
Capital Partners Leichtman
335 N. Maple Drive., founding
Suite 240 Beverly principal, ceo
Hills 90210 (310) 275-5335
llcp.com
5 Aurora Capital acquisitions, Gerry Parsky/
Partners LP growth equity John Mapes
10877 Wilshire Blvd., partners
Suite 2100 Los Angeles (310) 551-0101
90024
auroracap.com
6 Centre Partners established Robert Bergmann
Management LLC businesses senior partner
11726 San Vicente (310) 207-9170
Blvd., Suite 450
Los Angeles 90049
centrepartners.com
7 The Gores Group mature buyouts Alec Gores
10877 Wilshire Blvd., chairman, ceo
18th Floor Los Angeles (310) 209-3010
90024
gores.com
8 Freeman Spogli & Co. buyout Bradford M.
LLC Freeman
11100 Santa Monica founding partner
Blvd., Suite 1900 (310) 444-1822
Los Angeles 90025
freemanspogli.com
9 Seidler Equity growth, mature Peter Seidler/
Partners Robert Seidler/
515 S. Figueroa St., Eric Kutsenda
Suite 1100 Los Angeles founding partners
90071 (213) 683-4622
sepfunds.com
10 Clarity Partners LP leveraged buyouts, Stephen Rader/
100 N. Crescent Drive late stage equity Rudolph Reinfrank/
Beverly Hills 90210 growth Barry Porter/
claritypartners.net David Lee
managing general
partners
(310) 432-0100
11 Brentwood Associates growth investments Bill Barnum
11150 Santa Monica and leverage general partner
Blvd., Suite 1200 buyouts (310) 477-6611
Los Angeles 90025
brentwood.com
12 Hancock Park mature company Michael J.
Associates leveraged buyout Fourticq Sr.
1880 Century Park managing partner
East, Suite 900 (310) 228-6900
Los Angeles 90067
hpcap.com
13 Caltius Capital management-led James Upchurch
Management buyouts, ceo, president
11766 Wilshire Blvd., later-stage growth (310) 996-9566
Suite 850 Los Angeles financings,
90025 leveraged recaps.
caltius.com
14 Riordan Lewis & Haden revenues greater J. Christopher
10900 Wilshire Blvd., than $25 million, Lewis
Suite 850 Los Angeles profitable, general partner
90024 growing (310) 405-7200
rlhequity.com
15 Lovell Minnick buyout, Jeffrey D. Lovell/
Partners LLC recapitalization James E. Minnick
550 Deep Valley Drive, or growth capital chairman, ceo/
Suite 293 Rolling president
Hills Estates 90274 (310) 750-3600
lovellminnick.com
16 Bison Capital Asset growth and James K. Hunt/
Management LLC acquisition Douglas B.
10087 Wilshire Blvd., financing, balance Trussler
Suite 1520 Los Angeles sheet managing partner,
90024 restructuring ceo/president
bisoncapital.com (310) 260-6570
17 Celerity Partners buyouts/recaps, Steve Adamson
11111 Santa Monica growth, expansion managing partner
Blvd., Suite 1127 (310) 268-1710
Los Angeles 90025
celeritypartners.com
18 Vintage Fund late stage growth Fred Sands/
Management LLC and expansion Mark Sampson/
11611 San Vicente Henry Brandon
Blvd., Suite 1000 managing
Los Angeles 90049 directors (2)
vintagecapitalgroup. (310) 979-9090
com
19 Marlin Equity Partners leveraged buyouts, David M. McGovern
2121 Rosecrans Ave., recapitalizations, founder
Suite 2370 El Segundo restructurings, (310) 364-0100
90245 consolidations/
marlinequity.com roll-ups
20 Wedbush Capital management buyout Geoff Bland/
Partners Peter Shoemaker
1000 Wilshire Blvd., managing directors
Suite 830 Los Angeles (213) 688-8018
90017
wedbushcapital.com
NA--Not Available
To the best of our knowledge, this information is accurate as of press
time. While every effort is made to ensure the accuracy and
thoroughness of the list, omissions and typographical errors sometimes
occur. Please send corrections or additions on company letterhead to
the Research Department, Los Angeles Business Journal, 5700 Wilshire
Blvd., Suite 170, Los Angeles 90036. [c] 2007 Los Angeles Business
Journal. This list may not be reprinted in whole or in part without
prior written permission from the editor. Reprints are available from
Wright's Reprints, (877) 652-5295.
(1) Number of compames invested in since inception.
Researched by David Nusbaum
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