Gabelli Private Equity Partners Formed
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Gabelli Private Equity Partners Formed

Gabelli Private Equity Partners (GPE) has been formed by Associated Capital Group (ACG) to invest in leveraged buyouts and restructuring of small and mid-sized companies. ACG will fund the activities of the new firm with up to $150 million of capital.

“GPE is a logical extension of Gabelli’s investment platform based on our 40-year history of valuing companies on a private market value basis,” said Doug Jamieson, President and Chief Executive Officer of ACG. “As further background, in the mid-80’s, we launched a private equity fund, Gabelli-Rosenthal, which had in excess of $300 million of capital.”

Publicly-traded Associated Capital Group (NYSE: AC) provides alternative investment management services and institutional research services. Gabelli & Company Investment Advisers (GCIA) is a subsidiary of the company which in turn owns Gabelli & Partners which serves as the general partner or investment manager to different types of investment funds. Associated Capital was founded in November 2015 when it was spun out from publicly traded GAMCO (NYSE: GBL), an investment adviser and brokerage firm. GAMCO was founded in 1977 as the Gabelli Asset Management Company by Mario Gabelli.

Gabelli & Partners is based in Rye, NY (www.gabellipartners.com).

© 2017 Private Equity Professional | August 10, 2017

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