Atlantic-Pacific Capital

Atlantic-Pacific Capital (APC) is an independently owned placement agent. APC has established relationships with a network of institutional investors in North America, Europe, the Middle East, Australasia, and the emerging markets to which it markets private equity funds.

Atlantic-Pacific Capital
Private
IndustryInvestment banking Placement agent, Fundraising
Founded1995
FounderJames E. Manley
HeadquartersGreenwich, Connecticut, United States
Key people
Raed J. Elkhatib (CEO)
ProductsPrivate investment funds, Private placements
Number of employees
35+
Websitewww.apcap.com

Founded in 1995, APC has raised in excess of $50 billion for over 50 transactions. APC has an established brand within the private equity community and is dedicated to maintaining relationships with over 4,000 alternative investors worldwide.

The firm is based in Greenwich, Connecticut with other offices in New York, San Francisco, Chicago, London, and Hong Kong.

History

APC was founded in 1995 by Jim Manley who had worked as an investment banker for Prudential Securities and Merrill Lynch before founding a hedge fund advisory business, Everest Capital. In its first ten years, the firm managed over $18 billion in fundraisings. Among its early mandates included Pegasus Capital Advisors, Newbridge Capital, Wexford Capital and Greenwich Street Capital in the 1990s as well as New Mountain Capital, Littlejohn & Co., Wellspring Capital, Evercore Partners, Mattlin Patterson, The Jordan Company and Platinum Equity Partners in the early 2000s.

In 2005, APC launched its direct placements group forming a new team to advise fundless sponsors on placements of equity for private equity transactions. In more recent years, APC has completed fundraisings for private equity firms including Energy Capital Partners, MPM Capital and Henderson Global Investors, among others.

Atlantic-Pacific is one of the leads in a private placement lobbying group, along with C.P. Eaton, in the effort to protest a new rule opened for comment by The Securities and Exchange Commission.[1] The SEC proposal under the Investment Advisers Act of 1940 would prohibit an adviser from providing or agreeing to provide, directly or indirectly, payment to any third party for a solicitation of advisory business from any government entity on behalf of such adviser. A number of leaders in private equity has written into the SEC to comment.[2]

Operations

APC represents a limited number of private fund managers (GPs) in a variety of fundraising mandates, typically assuming from six to eight mandates per year. The firm's core business is matching its GP clients with potential institutional investors (LPs) with whom the firm has a relationship. Using a partnership model, all of APC's senior professionals work together on every deal. Among the firm's mandates are private equity fund placements, real estate fund placements and direct placements. Since its founding, APC has successfully raised a variety of private equity funds focusing on buyout, distressed, infrastructure, real estate, venture capital, mezzanine capital, and other special situations globally since 1995.[3][4][5]

Atlantic-Pacific is registered with the U.S. Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), and all relevant regulatory institutions and supports the 2009 ILPA Placement Agents' Code of Conduct.[6]

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References
  1. Placement Agents Fight Pension Bans... Private Equity Insider, July 29, 2009
  2. Comments on Proposed Rule: Political Contributions by Certain Investment Advisers. Securities and Exchange Commission
  3. Lyceum Capital closes new fund on GBP255m. Private Equity Week, February 12, 2008
  4. CapMan Buyout VIII closes at EUR 440 million. June 14, 2006
  5. Henderson Equity Partners closes PFI Secondary Fund on €859m. AltAssets, Feb 1, 2007
  6. EVCA draws up placement agent code Archived 2011-07-13 at the Wayback Machine. Infrastructure Investor, July 2, 2009
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