Keith Koeneman has launched one-man private equity shop Kingsman Capital to pursue investments in companies with $5 million or less of EBITDA.
The firm targets the US healthcare services, business services and niche manufacturing sectors with a preference for companies within a 200 mile radius of Kingsman’s Chicago offices, Koeneman told PEO.
Koeneman was previously director of healthcare and vice president at Chicago-based mid-market investment bank Dresner Partners. He previously held positions at Merrill Lynch, venture firm Divine Interventures, Banc of America Securities and law firm Katten Muchin Rosenman.
The firm has been in operation since September and is actively working on “three or four” transactions with the intention of closing “one or two” in 2009, said Koeneman.
Kingsman will initially raise capital on a deal-by-deal basis with a focus on fundraising from high net worth individuals and family offices. After roughly three transactions, Koeneman plans to raise a fund.
Koeneman is supported by a seven-person board of advisors who have been helpful in introducing investors and proprietary deals, he said. A junior investment professional will be joining the firm in January.