Sixpoint launches $200 mln private equity seed fund

Sixpoint Partners has launched SP Capital Partners, a $200 million private equity seed fund. The senior principals of Sixpoint Partners will lead SP Capital with Managing Director Jeff Lavoie joining the fund as a managing director.

PRESS RELEASE

NEW YORK–(BUSINESS WIRE)–SP Capital Partners (“SP Capital”), a New York-based private equity seeding platform, recently announced the close of its latest $200 million vehicle (“Fund” or “Vehicle”). The Vehicle manages both discretionary and managed separate accounts to invest in spin-out managers and provide flexible capital for seed, acceleration or expansion purposes.

In addition to being a capital provider, SP Capital is a value-added partner, deploying its expertise to help build best-in-class private equity firms. SP Capital is also able to leverage the project management and global distribution capabilities of Sixpoint Partners (“Sixpoint”) in order to offer a comprehensive seeding, fundraising and investor relations solution for its portfolio funds.

SP Capital will be led by the senior principals of Sixpoint Partners together with Managing Director Jeff Lavoie, who will join the Fund as a Managing Director and member of the Fund’s Investment Committee. Mr. Lavoie will help lead the Fund’s origination, structuring and portfolio management efforts. Jeff has over 13 years of private equity experience across primary, secondary and direct investments including seeding and GP stakes. Prior to joining SP Capital, Jeff was a senior executive at Dyal Capital Partners. Previously, he held positions at CPPIB and PIMCO.

“We launched SP Capital to fulfill a growing need in the market for spin-out managers” said Eric Zoller, Founder & Partner of Sixpoint Partners and Partner at SP Capital. “SP Capital caters to every aspect of a spin-out manager’s needs including operating and seed capital, formation know-how, primary fundraising and long-term platform expansion.” He added, “Jeff Lavoie is a highly accomplished investment professional who brings a wealth of experience to his new role and we are thrilled to have him help lead the expansion of our principal business”.

“Sixpoint has a long and successful history of partnering with high quality spin-outs and providing the needed advice, capital and corporate solution required to successfully launch a new firm.” added Larry Smith, Partner at Sixpoint and SP Capital. “We are excited to leverage this expertise and continue pursuing these opportunities on a principal basis through SP Capital.”

The partners of SP Capital are committed to offering a low cost of capital in a competitive market. Instead of retaining a permanent stake in portfolio firms, SP Capital typically establishes a defined path to exit, thereby allowing the majority of the long-term value to remain with the GP.

Sixpoint Partners remains focused on providing superior advice and primary capital fundraising solutions to the middle-market sponsor community. The launch of SP Capital is a continuation of the firm’s efforts to situate itself at the epicenter of the full range of private equity firm needs – and to do so with a partnership orientation.

About Sixpoint Partners
Sixpoint Partners is a leading global advisor focused on a diversified set of services and solutions for the middle-market private equity industry. The firm’s core areas of focus include (i) primary fund placement and advisory, (ii) secondaries placement and advisory and (iii) co-investment placement across a wide range of industries, strategies and geographies. Sixpoint Partners has a reputation for its direct, results-driven style and for delivering innovative solutions to complex problems in order to create long-term value for clients. Sixpoint is headquartered in New York with offices in Chicago, San Francisco, Austin and Hong Kong. For more information, please visit http://www.sixpointpartners.com/.

Sixpoint Partners, LLC, is a registered broker/dealer, member FINRA (http://www.finra.org) and SIPC (http://www.sipc.org). Sixpoint Partners Asia Limited is licensed by the Securities and Futures Commission (http://www.sfc.hk).

About SP Capital Partners
SP Capital Partners is a capital and solutions provider for entrepreneurs interested in launching their own private equity firm as well as established firms looking for liquidity options. The firm partners with new and experienced managers by providing operating and first close capital, know-how, back-office and broader capital solutions tailored to support the specific needs of each portfolio firm. The firm is backed by a small club of blue chip institutional investors who also co-invest alongside each underlying manager.

SP Capital seek opportunities within the middle-market buyout and distressed/turnaround space. Potential teams may include spin-outs, independent sponsors, spin-“ins”, new formations, mature managers undergoing transition or undersized sponsors in need of acceleration capital.