Probitas Partners is an independent, global advisory firm founded in 2001. The company is focused on raising capital as a
placement agent for
private equity fund
A private equity fund (abbreviated as PE fund) is a collective investment scheme used for making investments in various equity (and to a lesser extent debt) securities according to one of the investment strategies associated with private equit ...
sponsors as well as providing portfolio management and liquidity solutions, through the
private equity secondary market
In finance, the private-equity secondary market (also often called private-equity secondaries or secondaries) refers to the buying and selling of pre-existing investor commitments to private-equity and other alternative investment funds. Given t ...
, for investors in
private equity
In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a typ ...
. The firm operates through three primary businesses: fund placement, portfolio management and secondary advisory. In 2002, the firm established a European placement business.
Probitas Partners identifies and raises capital for some alternative fund managers across multiple strategies. Among the notable private equity firms that Probitas has represented in fundraising are:
Alta Partners,
CIVC Partners
CIVC Partners, previously known as Continental Illinois Venture Corporation, is a Chicago-based private equity firm that presently has over $1.8 billion of equity capital under management. The firm's predecessor was established in 1970 as a subs ...
,
Granite Ventures
Granite Ventures is a venture capital firm with offices in San Francisco, California. Granite's predecessor H&Q Venture Associates, founded in 1992, was the venture capital investment arm of Hambrecht & Quist, a leading technology oriented inve ...
,
KRG Capital
KRG Capital is a private equity firm focused on leveraged buyouts and more recently mezzanine capital in middle-market companies across a range of industries.
The firm, which is based in Denver, Colorado, was founded in 1996. The firm also main ...
,
Littlejohn & Co.,
MidOcean Partners
MidOcean Partners is a New York-based alternative asset management firm that specializes in mid-sized private equity and alternative leveraged investments.
The firm, founded in February 2003, is based in Midtown Manhattan. MidOcean was original ...
, and
Panorama Capital.
In 2015, Probitas Partners announced the promotion of four new managing directors who will continue managing the growth of the firm. It was reported that "these promotions are in recognition of contributions to the success of the firm and in anticipation of continued success on behalf of our fund sponsor and institutional investor clients".
References
Seconda anyone?Infrastructure Investor, May, 2009
Probitas patents 'counterparty' liquidity product Private Equity Online, March 16, 2009
Probitas patents 'counterparty' liquidity productPrivate Equity Real Estate, March, 2009
In A World Of Reduced Appetites, Distressed Debt and Secondary Funds Come To The Fore PE Hub, January 20, 2009
The Private Equity Secondaries Market, A complete guide to its structure, operation and performanceThe Private Equity Secondaries Market] PEI Media, 2008
Small portions, Forbes MagazineApril 2008
BusinessWeek.com, 2009
DiNapoli’s Ban: A Placement Agent Responds WSJ.com April 22, 2009
For real this time – transactions in the real estate secondary market set to growThe Institutional Real Estate Letter, June 2008
Former UBS Executive Joins Probitas Partners New York Times Deal Book, April 9, 2007
Bank of America to list fund of funds on Euronext exchangeMay, 2007
Will Placement Agents Push Themselves right Out of a Job? Reuters Buyouts, December 12, 2005
{{Authority control
Private equity secondary market
Financial services companies established in 2001
Investment banks in the United States
Companies based in San Francisco
Financial services companies based in California