WSJ Pro: Private Equity
Eaton Partners Establishes Team to Raise Direct-Investment Capital
April 19, 2017
Placement agent Eaton Partners said it formed a team dedicated to raising capital for direct investments and aims to gather at least $50 million through the platform.
Eaton, a subsidiary of midmarket investment bank Stifel Financial Corp., in a news release said it increasingly is working with management teams, independent sponsors and general partners to raise capital for single investments.
The placement agent in the past six months raised nearly $500 million for four direct-investment opportunities in the financial services, power and energy sectors, according to the release. It now is seeking a minimum of $50 million in fresh capital for direct investments and co-investments. The new team has a global mandate.
In addition to its fund-placement services, Eaton provides secondary advisory services to both general partners and limited partners. The Rowayton, Conn., firm was acquired by Stifel in January 2016.
Real Deals EU
Placement agent Eaton Partners establishes dedicated deal-by-deal fundraising team
By Lucy White – 20th April 2017
Eaton Partners, the US-based placement agent, has launched a dedicated team to raise capital for global direct investment opportunities.
The team will work with management teams, independent sponsors and general partners to raise capital for pre-specified, singular investments.
Over the last six months, Eaton Partners has raised nearly $500 million for four direct investment opportunities in the financial services, power and energy sectors. It is seeking new mandates to raise at least $50 million for direct and co-investment opportunities.
“When Charlie Eaton founded the firm 34 years ago, alternative investments were a new frontier for institutional investors,” said Chrystalle Anstett, managing director at Eaton Partners. “Today, those institutions have grown in sophistication to the point where they are complementing and, in some cases, replacing their commingled fund investments with direct investments into private companies and other tangible assets.”
Eaton also has a dedicated secondaries advisory team which focuses on fund restructurings, recapitalisations, sales of GP interests and secondary LP interest purchases and sales. The firm was bought out by Stifel Financial, a mid-market investment bank, in January last year. It has four offices across the US, two Asia offices in Hong Kong and Shanghai and a Europe office in London.
Eaton launches direct deals-focused team
The new group within Eaton was established after the firm raised almost $500m for four direct deals in the past six months.
by Annabelle Ju – 19 April 2017
Placement agent Eaton Partners has launched a new team focused on raising capital for direct investments worldwide, the firm said in a Wednesday statement.
The Rowayton, Connecticut-based firm has been working more with general partners and independent sponsors to fundraise for direct deal-by-deal investments, the firm said in the statement.
“When Charlie Eaton founded the firm 34 years ago, alternative investments were a new frontier for institutional investors,” Eaton Partners managing director Chrystalle Anstett said. “Today, those institutions have grown in sophistication to the point where they are complementing and, in some cases, replacing their commingled fund investments with direct investments into private companies and other tangible assets.”
The firm, which lists 59 professionals across seven offices on its website, has raised almost $500 million for four direct investments in financial services, power and energy in the past six months, according to the statement, which added that Eaton is eyeing another $50 million of fundraise for direct and co-investment deals.
It wasn’t immediately clear whether Eaton hired externally as part of the launch of this new team. An Eaton spokesman was not available to comment.
The announcement of the new team follows a round of unnamed hires at Eaton’s London office last month, as reported by Private Equity International. The firm hired two people from other placement agencies and one person from a private equity shop, and all are expected to finish their garden leave and begin at Eaton in the next five months.
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