A new merchant bank, Pelican Point Capital Partners, has been launched to make debt and equity investments in a variety of sectors and to provide other financial advisory services. The firm was founded by Ike Suri and Shad Quraishi and maintains offices in Newport Beach and New York.
“As financial markets evolve, our combined experience of financing and building companies along with our advisory board will be well placed to co-invest and deploy effective debt and equity capital in various sectors through creative financing structures,” said Mr. Suri.
Pelican Point is focused on making debt and equity investments, either directly or as co-investors, in the following sectors: specialty finance, mortgage banking, middle market lending, technology and medical technology, media & film finance, insurance brokerage, healthcare, commercial real estate, oil & gas, renewable energy, and financial technology. The firm also provides capital advisory and introduction, bridge financing, as well as debt and equity raise services. Pelican Point Capital also is in the process of opening offices through its co-partner arrangements in London, Dubai, Delhi, Mumbai and Shanghai (www.pelicanpointcapital.com).
“We are very excited to be forming this new initiative in the pursuit of firms needing innovative financing solutions and a merchant bank partner in the further creation of enterprise value,” said Mr. Quraishi.
© 2013 PEPD • Private Equity’s Leading News Magazine • 10-2-13
