Stone-Goff Partners has held a closing for its second fund, Stone-Goff Partners Fund II, LP, (Fund II).
Stone-Goff (SGP) invests from $6 million to $20 million of equity in lower middle market companies that are active in the consumer, leisure, information, service, media and retail sectors. SGP is led by its founders Hannah Stone Craven and Laurens Goff, who together have more than 40 years of private equity experience. SGP was founded in 2010 and has offices in New York and Boston (www.stonegoff.com).
This closing for Fund II includes a capital commitment from lead investor Carl Marks & Co. “We are impressed by Hannah, Laurens and the business they have built together over the last few years,” said Mark Claster, President of Carl Marks. “We look forward to a long and fruitful future together.”
SGP announced last week its first Fund II investment, The Greene Turtle Sports Bar & Grille, a 41-unit, sports-themed casual dining restaurant chain based in Maryland with units located from Virginia to New York. “We continue to identify and invest in companies with a great track record of stable, profitable growth,” said co-founder and partner Laurens Goff, “and we look forward to announcing additional investments in the near term.”
Carl Marks & Co. is a family-owned and -operated merchant bank that is active in advisory services, distressed investments, investment management, private equity, and real estate. “I’m delighted to have Hannah, Laurens and their team on board and excited to add another new team to the Carl Marks family,” said Katherine Boas, Executive Vice President at Carl Marks and a fourth-generation family member leading its growth. “They set the bar high as we begin our tenth decade.”
Carl Marks & Co. was founded in 1925 and is headquartered in New York (www.carlmarks.com).
© 2015 PEPD • Private Equity’s Leading News Magazine • 10-27-15
