Pegasus Capital Advisors
 |
|
| Partnership | |
| Industry | Private Equity |
| Founded | 1995 |
| Headquarters | New York, New York, United States |
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Key people
|
Craig Cogut, Managing Partner |
| Products | Leveraged buyout, Growth capital |
| Total assets | $2 billion |
|
Number of employees
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60+ |
| Website | www.pcalp.com |
Pegasus Capital Advisors L.P. is a private equity investment firm founded in 1995 by former co-founder of Apollo Management and Drexel Burnham Lambert lawyer, Craig Cogut, who has been its managing partner. Pegasus specializes in sourcing, buying, and building middle-market companies that compete on the basis of sustainability and resource efficiency.
The firm has raised four funds since inception and currently manages US$2 billion in capital. Its offices are located in New York City, NY and Cos Cob, CT. They have made over 70 investments in various companies such as iGPS, Lighting Science, Molycorp Minerals, Universal Lubricants, and Cannondale.
In 2016 the firm was appointed by Governor Arnold Schwarzenegger of California as financial advisor to the R20 Regions of Climate Action to facilitate, develop and implement low-carbon and climate resilient projects.
Pegasus was founded by Craig Cogut in 1995, 5 years after dealing with virtually all aspects of distressed securities investments and restructurings of Apollo Management, which he and Leon Black and Craig Cogut started at former investment banking power Drexel Burnham Lambert when that bank was besieged by allegations over illegal activities involving high-yield debt.
Cogut established Pegasus to focus on investments in middle-market companies facing financial distress. where returns from deals are more reliant on the actual alpha of the investor. Cogut wanted to concentrate on transactions that could generate returns through revenue growth and operating improvements rather than largely relying on financial leverage.
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Wikipedia