Tenex Capital Partners Raises $452M Fund
2011-08-05
Tenex is a private investment firm investing in underperforming middle-market companies.
NEW YORK, NY, Atlantic-Pacific Capital, the largest independent global placement agent and advisory firm for alternative investment funds, announced today the final close of Tenex Capital Partners, L.P. with $452 million of capital commitments. The Fund, managed by Tenex Capital Management, LLC (Tenex), exceeded its target of $400 million with support from a diverse group of institutional investors across the U.S. and Europe. Atlantic-Pacific Capital acted as the exclusive global placement agent and advisor.
"The Tenex team shares a true operator mentality that adds depth and practical perspective to its investment and portfolio management decisions, which go well beyond board oversight. This unique approach, coupled with the Fund's operational strategy, really resonated with limited partners," said Jennifer Tedesko, Partner at Atlantic-Pacific Capital. "We congratulate Tenex on a successful fundraising campaign."
Founded in 2009 and based in New York, Tenex is a private investment firm whose team has been investing in underperforming middle-market companies for the past 12 years. The Fund targets companies with profitable operations, assets, or other sources of value and where changes can be quickly effected through operational improvements.
"We thank Atlantic-Pacific Capital for bringing our story to the marketplace. The firm's marketing professionals were focused and diligent in communicating our differentiated approach to qualified investors," said Chad Spooner, CFO and Managing Director of Tenex. "We are very pleased with the support from, and enthusiasm shown by, the LP community for our first fund."
Atlantic-Pacific Capital, Inc. (www.apcap.com) Member FINRA and SIPC
Atlantic-Pacific Capital is the largest independent global placement agent and advisory firm dedicated to raising capital for alternative investments. Founded in 1995, Atlantic-Pacific Capital has raised over $40 billion for an extraordinary group of alternative asset managers seeking private capital. Typical projects include private equity, real estate, and infrastructure fund placements, as well as private placement financings in support of acquisitions, buyouts, and growth capital transactions. With dedicated relationship managers and advisors on the ground in New York, Greenwich, Chicago, San Francisco, London, and Hong Kong, Atlantic-Pacific Capital maintains thousands of trusted relationships with influential institutional and high net worth investors worldwide.
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