Firms set targets on industries, establish criteria for investment.
Los Angeles Business Journal › October 31, 2005
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Summary
WHO'S WHO BANKING & FINANCE--THE PRIVATE EQUITY ECONOMY
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Firms set targets on industries, establish criteria for investment.
WITH billions of dollars at their collective disposal, private equity firms arguably represent the most important investment vehicle in business today. Seldom will a week go by without word of some private equity deal. Actually, private equity is a broad term and covers a variety of financing arrangements. The firms themselves are a diverse bunch with their own specialties and preferences. The Business Journal has identified more than two dozen locally based players--some more forthcoming about their operations than others. What follows are the basics, as gathered by David Nusbaum, Kate Berry, Aarthi Sivaraman, Sarah Filus and Bonnie Lee.
AIG Altaris Health Partners LP Founded: 2003 Headquarters: New York/Los Angeles Assets Under Management: $350 million Fund: AIG Altaris Health Partners LP ($350 million) Investments in 2005: None Investments in 2004: None Minimum Investment: $10 million Preferred Investment Size: $10 million-$50 million Recent Fundings: N/A Preferred Industry: Health care Preferred Financing Stage: Buyout/late-stage growth equity Sources of Capital: Institutional, high net worth individuals Top Executive: Todd G. French, managing director Summary: AIG Altaris Health Partners is a member of AIG Global Investment Group. The fund's primary interest is health care companies with strong intellectual property and value-investing characteristics. Its managing directors are Stephen E. Farinelli, Todd G. French and Michael J. Kluger. Ares Management LLC Founded: 1997 Headquarters: Los Angeles Assets Under Management: $7.6 billion (all assets) Funds: Ares Corporate Opportunities Fund, others Investments in 2005: Four (private equity only) Investments in 2004: Seven (private equity only) Minimum Investment: $10 million (private equity only) Preferred Investment Size: $25 milli...See the full content of this document
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