Arcline, ex-Golden Gate exec’s new shop, targets $1.25 bln for debut fund

  • Ambitious target set for debut fund
  • Amara and other Golden Gate execs left to form shop
  • One of several execs who left big shops to start new firms

Arcline Investment Management, formed by an ex-Golden Gate Capital executive, is targeting $1.25 billion for its debut fund, sources told Buyouts.

Fund I will target eight to 10 businesses requiring equity investments of up to $300 million, according to documents from Texas Municipal Retirement System, which committed $50 million to the pool.

The San Francisco firm focuses on middle-market industrials businesses.

Arcline was formed last year by Rajeev Amara, who worked at Golden Gate Capital from 2000 to September, leaving as a managing director, according to his LinkedIn profile.

Amara focused on the industrials-investment practice at Golden Gate, Buyouts previously reported.

Shyam Ravindran, a principal at Golden Gate, and Alex Iannaccone, a vice president, also left to join Arcline, Buyouts reported.

Luke Johnson, partner and head of business development at Sentinel Capital Partners, left that firm earlier this year and joined Arcline, Buyouts reported.

Arcline is one of several shops formed by high-level executives who left bigger shops in the past year. Others include Alex Navab, a former senior level executive at Kohlberg Kravis Roberts who left last year and formed Navab Holdings with a commitment from Goldman Sachs. Navab could target $3 billion to $4 billion for his debut fund, Buyouts previously reported.

Also, ex-Lone Star Funds executive Samuel Loughlin left the firm last year and formed Paceline Equity Partners, targeting $1.25 billion for its first fund. Loughlin led North American investments at Lone Star.

Action Item: Check out Arcline’s Form ADV here: