Introducing TZP Group, Another First-Time Fund Hopeful
Add one more to the list of first-time funds in the market. TPZ Group, a lower middle-market PE shop focused on business and consumer services companies. The New York-based firm recently made its first investment, sparking speculation that it it had held at least one close (i.e., saving it from fundraising purgatory). As it turns out, a source says that TPZ has held at least two closes toward an undisclosed target for an undisclosed amount. The anchor investor is a large university endowment. The firm's partners declined to comment on any details.
20 January 2009•2 mins read
