Quadrangle Group
American private investment firm focused on private equity / From Wikipedia, the free encyclopedia
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Quadrangle Group LLC[1][2] is a private investment firm focused on private equity. The firm invests in middle-market companies within the media, communications and information-based sectors.
Company type | Private |
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Industry |
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Founded | 2000; 24 years ago (2000) |
Founder |
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Headquarters | Seagram Building, New York, New York, United States |
Products | |
Total assets | $3 billion |
Number of employees | 40+ |
Website | www |
Footnotes / references [1] |
The firm, which is based in New York City, was founded in 2000, has raised approximately $3 billion of private equity capital since inception and employs approximately 40 investment professionals in offices in New York and Hong Kong.
Quadrangle's private equity business, Quadrangle Capital Partners, raised a $1.1 billion fund in 2000, followed by a $2.0 billion fund in 2005.[3] Citing a not-further-identified "investor letter", a Feb. 2010 news report said the first fund had already returned the full amount to its investors and retained stakes in several companies, while the second fund had about $500 million left to invest and was up 19 percent in 2009. No 2008 fund was referenced in the report.[4]
In February, 2009, Steven Rattner left Quadrangle when he was named as lead auto industry adviser to United States Treasury Department Secretary Timothy Geithner. A report at the time said that Michael Huber, who joined the firm in 2000,[5] and Joshua L. Steiner would become co-presidents of the firm.[6]