Castle Harlan Partners
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| Private | |
| Industry | Private equity |
| Founded | 1987 |
| Headquarters | New York, New York, U.S. |
| Products | Leveraged buyout, Growth capital |
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Number of employees
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25+ |
| Website | www |
Castle Harlan is a private equity firm based in New York City that focuses on buyouts and growth capital investments in middle-market companies across a range of industries. Founded in 1987, Castle Harlan invests in controlling interests in middle-market companies in North America and Europe, as well as in Australia and Southeast Asia through Castle Harlan Australian Mezzanine Partners.
Castle Harlan’s team of 18 investment professionals, based in New York City, has completed over 50 acquisitions since its inception with a total value of approximately $10 billion. The firm currently manages investment funds with equity commitments of approximately $3.5 billion.
Castle Harlan was founded in 1987 by John K. Castle, but its history goes back to the 1960s. During the 60s Castle headed all of the private equity activities, including the Sprout Capital Group, at Donaldson Lufkin & Jenrette (DLJ). At that time DLJ used some of the first limited partnerships to bring institutional investors into private equity investing. From the period between 1979 and 1986 Castle rose to become the president and chief executive officer at DLJ.
Leonard Harlan joined DLJ in 1965 and was a friend of Castle. Harlan left DLJ in 1969 and formed a successful real estate investment group, The Harlan Company. In 1987, Castle and Harlan, with a handful of others, raised $125 million for its new limited partnership, Legend Capital Group, L.P., to invest in leveraged buyout transactions.
In 1999, Castle Harlan teamed with Bill Ferris and Joseph Skrzynski of Australian Mezzanine Investments to create Castle Harlan Australian Mezzanine Partners, also known as CHAMP. CHAMP focuses on control investments in middle-market businesses in Australia and Southeast Asia with similar criteria to Castle Harlan. CHAMP also has an affiliate, CHAMP Ventures, that invests in small buyouts, non-control growth capital and venture capital. CHAMP raised its second fund with A$950 million of investor commitments in 2005 and its third fund with A$1.5 billion in 2010.
Since its inception, Castle Harlan has participated in eight private equity funds, five in the United States and three in Australia. The U.S. funds are:
These partnerships, together with the three Australian funds, have represented committed equity capital of approximately $6.0 billion.
Castle Harlan focuses on investing in control positions in private middle-market companies. The firm prefers to partner with existing managers, who know the business the best. In order for Castle Harlan to acquire a company, the business must be priced realistically in terms of growth prospects and fundamental value in the marketplace.
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Wikipedia