SPG Closes Fund

Snow Phipps Group has closed its debut fund with $620 million in capital commitments. The New York-based firm will focus on middle-market investments, and was founded by Ian Snow and Ogden Phipps. The firm also features seven operating partners, including Jim Amos (former CEO of Mail Boxes Etc.), Paul Chellgren (former CEO of Ashland Inc.), Andrew Megibow (former COO of Ellen Tracy), Halsey Minor (former CEO of CNET Networks), Joy Schaefer (former CEO of WFS Financial), Leif Soderberg (former CSO of Motorola) and Jay Twombly (former president of SPX's Edwards Systems Tech division.