Charlesbank Capital Partners made the Private Equity News 2010 list of firms with the strongest performance records. Announced earlier this month, this list is the second-annual ranking of general partners by Private Equity News, the sister publication of Financial News.
The rankings were produced by French business school HEC Paris, using data from Preqin and Thomson VentureXpert. The study analyzed 317 firms that raised a total of $714 billion between 1997 and 2006, and ranked them with a variety of performance measures, including internal rates of return – a measure of annual profits on a firm’s deals – cash multiple returns, and the accounting values of investments that have not yet been sold.
Charlesbank was recognized for its success as an independent firm following its 1998 departure from Harvard Management Company and for attractive returns on exits such as Papa Murphy’s, sold in May 2010.
Charlesbank is currently investing its $1.5 billion seventh fund, which it raised in the spring and summer of 2009.
ABOUT CHARLESBANK CAPITAL PARTNERS
Charlesbank Capital Partners is a middle-market private equity investment firm managing more than $2 billion of capital. Charlesbank focuses on management-led buyouts and growth capital financings, typically investing $50 million to $150 million per transaction in companies with enterprise values of $100 million to $750 million. The firm seeks to partner with strong management teams to build companies with sustainable competitive advantages and excellent prospects for growth. For more information on the firm, visit www.charlesbank.com.