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Ex-GSO exec’s firm Dunes Point prepares debut fund

  • Dunes Point launched in 2013
  • Tim White left GSO to launch firm
  • Fund I could target up to $600 mln

Dunes Point Capital, formed by ex-GSO Capital Partners executive Tim White, is talking to limited partners about launching its first fund, according to a person with knowledge of the firm.

White formed Dunes Point in 2013 after more than seven years at GSO. He has been investing on a deal-by-deal basis, sourcing capital for deals from a group of investors, the person said.

White may target as much as $600 million for Fund I, the person said. The timeline for launching Fund I is unclear. White did not respond to numerous calls for comment.

White joined GSO in 2005. Blackstone acquired GSO in 2008. His prior posts include a managing director at Audax Group and a principal at DLJ Merchant Banking Partners, according to his LinkedIn profile.

At GSO, White had the unusual role of running a PE investing operation using a small allocation out of the larger mezzanine fund. LPs in GSO’s second pool didn’t want the PE exposure and that allocation was not included in Fund II.

Dunes Point, Rye, New York, focuses on control investments in the industrial sector. White is chief executive and chief investment officer.

James Baker, former principal in the PE group at Investcorp, joined Dunes Point as a managing director last year. Jordan Benyas, a principal who joined in 2013, formerly worked at Lincoln International.

Dunes Point’s operating-partners group includes Paul Cox, former president of John Crane; Stuart Jara, formerly of Taylor Wharton, Linde and BOC; and Bill Rosenberg, who held senior positions at Emerson Electric and Diebold, Dunes Point’s website says.

Action Item: Contact Dunes Point: http://www.dunespointcapital.com/contact/

A biker competes during the 11th stage of the fourth South American edition of the Dakar Rally 2012 from Arica to Arequipa on Jan. 12, 2012. Photo courtesy Reuters/Philippe Desmazes