Charlesbank Capital Partners is an American
private equity
Private equity (PE) is stock in a private company that does not offer stock to the general public; instead it is offered to specialized investment funds and limited partnerships that take an active role in the management and structuring of the co ...
investment firm based in
Boston
Boston is the capital and most populous city in the Commonwealth (U.S. state), Commonwealth of Massachusetts in the United States. The city serves as the cultural and Financial centre, financial center of New England, a region of the Northeas ...
and
New York City
New York, often called New York City (NYC), is the most populous city in the United States, located at the southern tip of New York State on one of the world's largest natural harbors. The city comprises five boroughs, each coextensive w ...
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.
Background
The founders of Charlesbank came together as Harvard Private Capital Group to manage the private equity investment portfolio for the
Harvard University
Harvard University is a Private university, private Ivy League research university in Cambridge, Massachusetts, United States. Founded in 1636 and named for its first benefactor, the History of the Puritans in North America, Puritan clergyma ...
endowment.
In 1998, they left the endowment to launch Charlesbank Capital Partners as an independent firm.
In 2016 Charlesbank established a credit investment strategy, and in 2019, it added a technology opportunities strategy.
[ Michael Choe succeeded Michael Eisenson, a founding partner, as CEO in 2017.
]
Funds
Across its three complementary strategies the firm has over $22 billion in Total Assets and employs over 180 people.
Flagship Private Equity Fund X – closed in January 2021, at its hard cap of $4.1B
Credit Opportunities Fund III – closed in January 2024, above its target at $1.5B
Technology Opportunities Fund II – closed in June 2024, surpassing its initial hard cap at $1.275 B
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 and Front Row Group for the Flagship strategy, Learfield for Credit Opportunities, and Implan Group for Technology Opportunities.]
References
External links
Charlesbank Capital Partners
(company website)
Private equity firms of the United States
Harvard University
Companies based in Massachusetts
Financial services companies established in 1991
1991 establishments in Massachusetts
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