Pine Brook has appointed James P. Rutherfurd as a managing director. Previously, Rutherfurd was a partner at 3i Group.
NEW YORK, Feb. 10, 2015 /PRNewswire/ — Pine Brook, an investment firm focused on building businesses in the energy and financial services sectors, today announced that James P. (Jim) Rutherfurd has joined the firm as a managing director. Rutherfurd brings extensive financial services and private equity experience to Pine Brook, as well as a unique perspective gained from roles spanning investor relations, communications, investment banking, deal sourcing, M&A and legal work.
Rutherfurd will lead the firm’s investor relations and communication efforts, a role previously held by Managing Director Joe Gantz, who will continue to serve on the firm’s Investment Committee. Rutherfurd will also serve on the firm’s Investment Committee and oversee the direction of the firm’s co-investments.
“My partners and I are very pleased to welcome Jim to Pine Brook,” said Howard Newman, president and CEO of Pine Brook. “We’re confident Jim’s depth of experience and impressive track record with firms operating around the globe will prove to be great assets as we continue to grow and build on our strong relationships in the investment community.”
“I am delighted to join the Pine Brook team and am honored to be succeeding Joe Gantz, one of the Pine Brook founding partners, who has done a terrific job building Pine Brook’s relationships in the investor community,” said Rutherfurd. “The firm’s distinctive ‘business building’ approach to investing in the dynamic energy and financial services sectors delivers long-term value to investors, and I look forward to working with Matt Zales and the rest of the Pine Brook investor relations team to contribute to Pine Brook’s success.”
Prior to joining Pine Brook, Rutherfurd oversaw LP relationships, fundraising and co-investments in North America and Latin America as a partner at 3i Group, including private equity, infrastructure and credit strategies. Previously, he served as executive vice president and managing director at Veronis Suhler Stevenson, where he led successful fundraising efforts for the firm’s private equity and structured capital funds. Rutherfurd has also served as a managing director at J.P. Morgan & Co. on the technology, media and telecoms investment banking team, a director in First Boston Corporation’s Media Group, and practiced corporate and securities law at Rogers & Wells (now Clifford Chance). He is a summa cum laude graduate of Princeton University, and earned his law degree at the University of Virginia.
Last February, Pine Brook announced the final closing of its second fund, Pine Brook Capital Partners II, L.P., with total capital commitments of $2.43 billion. Similar to the firm’s debut fund, Fund II targets investments in new and growing companies in the financial services and energy sectors. Pine Brook typically finances these businesses with equity rather than debt, and often uses a line of equity funding structure in which a multi-year business plan is matched with a long-term capital arrangement.
About Pine Brook
Pine Brook is an investment firm with more than $5.0 billion of assets under management that makes “business building” and other equity investments, primarily in energy and financial services businesses. Pine Brook’s team of investment professionals collectively has over 300 years of experience financing the growth of businesses with equity, working alongside talented entrepreneurs and experienced management teams to build businesses of scale without relying on acquisition leverage. For more information about Pine Brook, please visit the company’s web site at www.pinebrookpartners.com.