EagleTree Capital Gets Financial Boost from Family Office, Pension, and Private Sector Capital
Posted on 01/18/2020
Edmonton-based Alberta Teachers’ Retirement Fund Board (ATRF) has around CAD$ 18 billion of net assets under management and could fall under the purview of the Alberta Investment Management Corporation.
Affiliates of AlpInvest Partners and ATRF made a structured financing investment in New York-based EagleTree Capital LP, an independent private equity and investment firm. EagleTree Capital focuses on investments in the media and business services, consumer, and water and specialty industrial sectors. EagleTree Capital is formerly known as WP Capital Management. Senior partners at Wasserstein & Co., LP founded WP Capital Management, which spun out of Wasserstein Perella & Co. AlpInvest operates as a subsidiary of The Carlyle Group.
In addition, London-based single family office Misland Capital and New York-based Bullingham Capital made a non-voting, minority equity investment in EagleTree Capital. Bullingham Capital invests across asset classes, platforms, and industries with a focus on private equity and real estate.
EagleTree Partners Fund V is the newest U.S. middle market buyout fund for the firm. EagleTree will use proceeds from the structured financing investment to substantially increase its commitment to the new EagleTree Partners V buyout fund, making EagleTree and its employees the largest investor in that fund.
Advisors
Lazard Frères & Co. LLC and Paul, Weiss, Rifkind, Wharton & Garrison LLP advised EagleTree Capital on the transactions. Ropes & Gray LLP served as legal counsel to AlpInvest Partners and Sullivan & Cromwell LLP and Grant Thornton advised Misland Capital.
Keywords: Alberta Teachers Retirement Fund Board.