New Firm Alert: Succession Capital Partners
t happens when you've found the perfect target, but that target isn't quite ready to sell? Most firms would simply wait. A new firm called Succession Capital Partners plans to take a more aggressive tact. Rather than sitting on its hands, Charlotte-based Succession will provide consulting services in order to create a proprietary river of family-owned businesses. Matt Malone formed the firm in May of last year after the Hunt family of Texas disassembled its LBO arm, where he was a managing director. Instead of entering the challenging fundraising market with a first-time fund, Malone started a pledge fund, gathering soft commitments from a group of high net worth individuals for one-off deals.
11 February 2010•3 mins read
