Bear Growth Capital Finds A New Home
Bear Growth Capital Partners has finally found a new home, nearly eight months after being orphaned by the collapse of Bear Stearns. Well, at least its portfolio companies have. peHUB has learned that CCMP Capital recently agreed to manage the legacy investments of Bear Growth Capital Partners, a mid-market group launched by Bear Stearns in 2003 to invest in companies valued at between $10 million and $100 million. No specific details of the transfer have been disclosed, although Bear Growth Capital senior managing director Joe Scharfenberger is now working out of CCMP’s offices and has a CCMP email. Fellow senior managing director Paul Lattanzio did not make the move, and sources say that most group members other than Scharfenberger have been laid off.
