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APRIL 10, 2017 LOS ANGELES BUSINESS JOURNAL 15

LOS ANGELES WOODLAND HILLS MONTEREY PARK RIVERSIDE POMONA ORANGE COUNTY SILICON VALLEY SAN FRANCISCO DENVER, CO

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Suzie DoranPartner,

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Todd LarsonManaging Director,

Valuation Advisory Services

[email protected]

THE LIST Ranked by private equity assets under managementPRIVATE EQUITY FIRMS NEXT WEEK

The Largest Residential Developersin L.A. County

($ in millions)Rank Company• name

• address

• website

Assets Project Profile• minimum size

• preferred size

• investments1

Preferred Industries Strategies/Targets Top Executive• name

• title

• phone

1Ares Management2000 Avenue of the Stars, 12th FloorLos Angeles 90067; aresmgmt.com

$25,000 $10$100 - $500

N/A

all industries middle market growth, powerand energy assets, U.S. andEuropean real estate

David Kaplan/Bennett RosenthalCo-Heads of Private Equity Group(310) 201-4100

2Oaktree Capital Management333 S. Grand Ave., 28th FloorLos Angeles 90071; oaktreecapital.com

15,628 50100 - 300

N/A

consumer and branded products,food and beverage, financialservices, media

controlling stakes in distressedcompanies, buyouts

Howard MarksChairman(213) 830-6300

3Leonard Green & Partners11111 Santa Monica Blvd., Suite 2000Los Angeles 90025; leonardgreen.com

14,0572 N/AN/A75

retail, consumer products,distribution, business services,health care

leveraged buyouts ofestablished, cash-flow positivecompanies

John Danhakl/Jonathan SokoloffManaging Partners(310) 954-0444

4Platinum Equity360 N. Crescent DriveBeverly Hills 90210; platinumequity.com

12,3862 050 - 100

185

no preferred industries acquisitions for control Tom GoresCEO(310) 712-1850

5Kayne Anderson Capital Advisors1800 Avenue of the Stars, Third FloorLos Angeles 90067; kaynecapital.com

11,956 110

420

energy, real estate, private credit,growth, other

pre-IPO, early- to mid-stage,existing

Mike LevittCEO(800) 638-1496

6American Realty Advisors801 N. Brand Blvd., Suite 800Glendale 91203; americanreal.com

8,011 3030 - 400

N/A

retail, industrial, office,multifamily

operating Stanley IezmanChairman, CEO(818) 545-1152

7PCCP10100 Santa Monica Blvd., Suite 1000Los Angeles 90067; pccpllc.com

6,400 1025

N/A

real estate middle market William R. LindsayPartner(310) 414-7870

8Tennenbaum Capital Partners2951 28th St., Suite 1000, Santa Monica90405; tennenbaumcapital.com

5,6952 1010 - 100

380

none mid-market special situationsand direct lending

Firm PartnershipN/A(310) 566-1000

9Levine Leichtman Capital Partners335 N. Maple Drive., Suite 130Beverly Hills 90210; llcp.com

3,731 1040 - 125

104

consumer products,manufacturing, services

growth equity Lauren B. LeichtmanFounding Principal, CEO(310) 275-5335

10Clearlake Capital233 Wilshire Blvd., Suite 800Santa Monica 90401; clearlakecapital.com

3,5132 N/AN/AN/A

business services, consumerproducts/retail, communication,technology, energy

buyouts, corporate divestitures,recapitalizations,reorganizations

Jose E. FelicianoFounding Partner(310) 400-8800

11Odyssey Investment Partners21650 Oxnard St., Suite 1650, WoodlandHills 91367; odysseyinvestment.com

3,500 5050 - 150

170

aerospace, energy services,equipment rental, business/insurance services

leveraged buyouts Bill HopkinsManaging Principal, Co-President(818) 737-1111

12Marlin Equity Partners338 Pier Ave.Hermosa Beach 90254; marlinequity.com

3,351 1010 - 500

115

software, technology, health careIT, business services, industrialtechnology

management buyouts,corporate divestitures, growthequity, turnarounds

David M. McGovernManaging Partner(310) 364-0100

1 Number of companies invested in since inception.2 Information from SEC filings.

N/A - Not Available WND - Would Not DiscloseNote: Information was provided by representatives of the firms and public filings.

Researched by David Nusbaum

THE PACESETTER: The largest private equity firm headquartered in Los Angeles County is Ares Management. The Century City firm had $25 billion in private equity asset strategies under management as of Dec. 31. The group manages funds focused primarily on North America and Europe as well as one China growth fund.

FUND: Platinum Equity closed Platinum Equity Capital Partners IV, a $6.5 billion fund, last month. More than 200 limited partners from 28 countries invested in the fund.

HERMOSA BEACH: Marlin Equity Partners closed Marlin Equity V last month with $2.5 billion of capital commitments and Marlin Heritage II with $750 million committed. The funds exceeded their targets in less than five months.

1

12

4

Continued on page 16

15-18_list_private_equity.indd 15 4/6/2017 5:12:48 PM

16 LOS ANGELES BUSINESS JOURNAL THE LIST APRIL 10, 2017


• address

• website


• preferred size

• investments1


• title

• phone

13Aurora Capital Partners10877 Wilshire Blvd., Suite 2100Los Angeles 90024; auroracap.com

$3,000 $75$100

100

industrial products and services,software and technology enabledservices

acquisitions, growth equity John Mapes, Managing PartnerGerry Parsky, Partner(310) 551-0101

14Yucaipa Cos.9130 W. Sunset Blvd.Los Angeles 90069; yucaipaco.com

2,7622 N/AN/AN/A

grocery leveraged buyouts Ron BurkleManaging Partner(310) 789-7200

15Gores Group9800 Wilshire Blvd.Beverly Hills 90212; gores.com

2,6302 2550 - 250

112

technology, media, telecom,industrial, health care, businessservices

mature buyouts, corporatecarve-outs

Alec GoresChairman, CEO(310) 209-3010

16Freeman Spogli & Co.11100 Santa Monica Blvd., Suite 1900Los Angeles 90025; freemanspogli.com

2,400 50100

56

consumer, distribution buyouts Bradford Freeman/Ronald SpogliFounding Partners(310) 444-1822

17Shamrock Capital Advisors1100 Glendon Ave., Suite 1600Los Angeles 90024; shamrockcap.com

1,875 2040 - 60

29

media, entertainment andcommunications

growth equity, leveragedbuyouts

Stephen D. RoyerPartner(310) 964-6600

18Lovell Minnick Partners2141 Rosecrans Ave., Suite 5150El Segundo 90245; lovellminnick.com

1,793 155041

financial services, businessservices

first, second, third, bridge,acquisition or buyout

Jeffrey Lovell/James MinnickCo-Chairmen(310) 414-6160

19Seidler Equity Partners4640 Admiralty Way, Suite 1200Marina del Rey 90292; sepfunds.com

1,5262 1025

N/A

general industries growth, mature Peter Seidler/Robert SeidlerEric Kutsenda, Founding Partners(213) 683-4622

20Brentwood Associates11150 Santa Monica Blvd., Suite 1200Los Angeles 90025; brentwood.com

1,300 2575 - 100

51

consumer products and services,retail, direct marketing,education, restaurants

growth Bill BarnumPartner(310) 477-6611

21Ocean Avenue Capital Partners401 Wilshire Blvd., Suite 230, Santa Monica90401; oceanavenuecapital.com

900 33 - 15

65

general industries special situations, privatecompany recapitalizations

Jeff Ennis/Duran Curis/Jacques Youssefmir, Partners(424) 238-0730

22Caltius Capital Management11766 Wilshire Blvd., Suite 850Los Angeles 90025; caltius.com

843 55 - 30

86

business services, specialtychemicals, healthcare servicesand consumer services

management-led buyouts, later-stage growth financings,leveraged recaps

James UpchurchCEO, President(310) 996-9566

23K1 Investment Management2101 Rosecrans Ave., Suite 6250El Segundo 90245; k1capital.com

8062 N/AN/AN/A

software growth Hasan AskariManaging Partner(800) 310-2870

1 Number of companies invested in since inception.2 Information from SEC filings.N/A - Not Available WND - Would Not Disclose Note: Information was provided byrepresentatives of the firms and public filings. To the best of our knowledge, this informationis accurate as of press time. While every effort is made to ensure the accuracy and

thoroughness of the list, omissions and typographical errors sometimes occur. Please sendcorrections or additions on company letterhead to the Research Department, Los AngelesBusiness Journal, 5700 Wilshire Blvd., Suite 170, Los Angeles 90036. ©2017 Los AngelesBusiness Journal. This list may not be reprinted in whole or in part without prior writtenpermission from the editor. Reprints are available from Wright’s Media (877) 652-5295.


Continued from page 15PRIVATE EQUITY FIRMS

INVESTMENTS: Lovell Minnick Partners closed three investments totaling $124 million this year, including an investment in L.A.-based equipment-financing lender Currency Capital. It expects to close two more deals totaling $72 million by the end of the second quarter.

18

0

120

240

360

480

600

Regional Malls $4.15Lifestyle Centers 3.02Power Centers 2.87Neighborhood Ctrs. 2.33Single Tenant Bldgs. 2.05Strip Malls 1.60

Location DollarsThird quarter average asking rents by submarket for Class A office property.

Westside $3.73Downtown 3.15Tri-Cities 2.86Hollywood 2.78Santa Clarita 2.42Valley 2.27 Strip Malls 9.3%

Neighborhood Ctrs. 7.9Power Centers 7.5Lifestyle Centers 5Single Tenant Bldgs. 3.5Regional Malls 3.2

Central L.A. $0.50Mid-Counties 0.47North Los Angeles 0.55San Gabriel Valley 0.42South Bay 0.55

Central L.A. 4.6%Mid-Counties 5.0North Los Angeles 5.0San Gabriel Valley 5.5South Bay 5.5

’12 ’13 ’14 ’15 ’16

$800

725

650

575

500

425

14 16’15 ’1’1 ’1

Market Rebound

’12

0

5

13 ’1’1 ’10 ’11 ’12 ’13 ’14

4,600

4,500

4,400

4,300

4,200

4,100

4,000’12

4,578

4,456

4,289

4,146

4,068

14’13 ’1’1 ’1

Shaking Out

’10

0

0

0

0

0

0

0’11 ’1’1

2010 2011 2012 2013 2014

’12 ’13 ’14 ’15 ’16

$240

200

160

120

80

0

14 16’15 ’1’1 ’1’12

0

0

0

’13 ’1’1’1

’12 ’13 ’14 ’15 ’16

48%

44

40

36

32

28

14 16’15 ’1’1 ’1’12

0

6

2

8

13 ’1’1

Private Equity Charts/pePRF

Total ExitsTotal private equity exit volume by U.S. private equity firms dropped last year. (in billions)$223 219 303 416 321 2012 2013 2014 2015 2016

Leveraged BuyoutsThe average equity financing in U.S. leveraged buyouts continues to rise.2012 402013 372014 392015 422016 43

Source: American Investment Council

Fund RaisersTotal private equity assets raised by U.S. private equity firms dropped last year. (in billions)$111 193 196 203 187 2012 2013 2014 2015 2016

Asset InvestorsTotal private equity capital invested by U.S. private equity firms dropped last year. (in billions)$477 512 651 739 6532012 2013 2014 2015 2016

Asset Investors

Fund Raisers

Leveraged Buyouts

’12 ’13 ’14 ’15 ’16

$425

350

275

200

125

0

14 16’15 ’1’1 ’1’12

0

5

0

13 ’1’1

Total Exits

Asset InvestorsTotal private equity capital invest-ed by U.S. private equity firms dropped last year. (in billions)



APRIL 10, 2017 THE LIST LOS ANGELES BUSINESS JOURNAL 17

© 2017 BDO USA, LLP. All rights reserved.

Accountants and Consultants www.bdo.com/privateequity

The Private Equity Practice at BDOStrategically focused. Remarkably responsive. A century of experience. BDO’s Private Equity Practice provides integrated, value-added assurance, tax, advisory and consulting services across the fund cycle, and across the world – all through a single point of contact.

“I know exactly who you should call.”

People who know Private Equity, know BDO.

Nathan Dick, Assurance Partner, 310-557-8275 / [email protected] Hoang, Director, 310-557-8233 / [email protected], 1888 Century Park East, 4thFloor, Los Angeles, CA 90067 / 310-557-0300


• address

• website


• preferred size

• investments1


• title

• phone

24US Renewables Group2425 Olympic Blvd., Suite 4050WSanta Monica 90401; usregroup.com

$750 $10$25 - $75

19

renewable energy strategy varies Lee BaileyManaging Partner(310) 586-3900

25Bison Capital Asset Management233 Wilshire Blvd., Suite 425Santa Monica 90401; bisoncapital.com

747 1010 - 40

26

health care, sofware, financialservices, business services

growth and acquisitionfinancing, balance sheetrestructuring

Douglas B. TrusslerManaging Partner(310) 260-6570

26Varsity Healthcare Partners1875 Century Park East, Suite 1980Los Angeles 90067;varsityhealthcarepartners.com

665 N/AN/AN/A

health care growth David AlpernPartner(310) 564-2690

27RLH Equity Partners10900 Wilshire Blvd., Suite 850Los Angeles 90024; rlhequity.com

600 1515 - 50

45

business services, health care,government services

revenue greater than $25million, profitable, rapidlygrowing

J. Christopher LewisManaging Director(310) 405-7200

28Skyview Capital2000 Avenue of the Stars, 810NLos Angeles 90067; skyviewcapital.com

600 22022

software, technology, nichemanufacturing and aerospace

corporate divesitures, buyouts,underperforming

Alex SoltaniChairman, CEO(310) 273-6000

29Solace Capital Partners11111 Santa Monica Blvd., Suite 1275Los Angeles 90025; solacecap.com

576 1020 - 75

N/A

industrial, consumer, energy,TMT, business services, logistics

recapitalizations/restructurings,special situations, buyouts

Christopher Brothers/Brett Wyard/Vince CebulaManaging Partners(310) 919-5401

30Twin Haven Capital Partners11111 Santa Monica Blvd., Suite 525Los Angeles 90025; twinhavencap.com

4822 N/AN/A183

general industries buyouts, special situations Robert Webster/Paul MellingerSr. Managing Directors(310) 689-5100

31Avante Mezzanine Partners11150 Santa Monica Blvd., Suite 1470Los Angeles 90025; avantemezzanine.com

468 55 - 25

21

business services, health care,education, software, industrial/manufacturing

buyouts/recaps and expansion Jeri Harman/Steve AdamsonFounding Partners(310) 667-9242

32Angeles Equity Partners11661 San Vicente Blvd., Suite 808Los Angeles 90049; angelesequity.com

360 N/A502

industrials control equity investments Jordan Katz/Tim MeyerManaging Partners(310) 844-9200

33St. Cloud Capital10866 Wilshire Blvd., Suite 1450Los Angeles 90024; stcloudcapital.com

350 55 - 15

57

middle market companies later stage Benjamin Hom/Kacy Rozelle/Bob Lautz/Marshall GellerManaging Partners(310) 475-2700

34Balmoral Funds11150 Santa Monica Blvd., Suite 825Los Angeles 90025; balmoralfunds.com

3092 N/AN/AN/A

lower middle-market buyouts Jonathan VictorSr. Managing Director(310) 473-3065




PRIVATE EQUITY FIRMS

Continued on page 18

CLOSED: Angeles Equity Partners closed its inaugural $360 million fund in January. The firm’s initial target was $300 million.

FUND: Solace Capital Partners closed its inaugural fund, Solace Capital Special Situations Fund, at $576 million in December. That exceeded its $500 million target.

29

32

0

120

240

360

480

600







’12 ’13 ’14 ’15 ’16

$800

725

650

575

500

425

14 16’15 ’1’1 ’1

Market Rebound

’12

0

5

13 ’1’1 ’10 ’11 ’12 ’13 ’14

4,600

4,500

4,400

4,300

4,200

4,100

4,000’12

4,578

4,456

4,289

4,146

4,068

14’13 ’1’1 ’1

Shaking Out

’10

0

0

0

0

0

0

0’11 ’1’1

2010 2011 2012 2013 2014

’12 ’13 ’14 ’15 ’16

$240

200

160

120

80

0

14 16’15 ’1’1 ’1’12

0

0

0

’13 ’1’1’1

’12 ’13 ’14 ’15 ’16

48%

44

40

36

32

28

14 16’15 ’1’1 ’1’12

0

6

2

8

13 ’1’1







Asset Investors

Fund Raisers

Leveraged Buyouts

’12 ’13 ’14 ’15 ’16

$425

350

275

200

125

0

14 16’15 ’1’1 ’1’12

0

5

0

13 ’1’1

Total Exits

Fund RaisersTotal private equity assets raised by U.S. private equity firms dropped last year. (in billions)



18 LOS ANGELES BUSINESS JOURNAL THE LIST APRIL 10, 2017

PRIVATE EQUITY FIRMS

REGISTER TO ATTEND

The Los Angeles Business Journal is proud to announce the 2017 Healthcare Leadership Awards. In order for patients to receive superior care, all parts of the organization must be operating efficiently and effectively. Join us as we recognize individuals and organizations that lead the frontlines of healthcare and those that protect the bottom lines in helping Angelenos receive better healthcare.

For more information, please visit www.labusinessjournal.com/bizevents.

Forum and Awards:

Thursday, May 11, 20177:00am – 10:30am Omni Los Angeles Hotel251 S Olive StreetLos Angeles, CA 90012Tickets: $100 / Corporate Table of 10: $900

PLATINUM SPONSORS:

Children’s Hospital Los Angeles

GOLD SPONSOR:


• address

• website


• preferred size

• investments1


• title

• phone

35Century Park Capital Partners2101 Rosecrans Ave., Suite 4275El Segundo 90245; centuryparkcapital.com

$300 $10$10 - $40

56

specialty chemicals, medicalproducts and services, consumergoods, engineered products

recapitalizations and buyouts Martin Sarafa/Charles Roellig/Guy ZaczepinskiManaging Partners(310) 867-2210

36OpenGate Capital10250 Constellation Blvd., 17th FloorLos Angeles 90067; opengatecapital.com

2892 50100 - 1,000

30

all divestitures of globalcorporations

Andrew NikouCEO, Managing Partner(310) 432-7000

37Vance Street Capital11150 Santa Monica Blvd.Los Angeles 90025; vancestreetcapital.com

2752 2020 - 30

9

aerospace/defense, industrialmanufacturing

leveraged buyouts Richard Crowell/Richard RoederManaging Partners(310) 231-7100

38Energy Power Partners2716 Ocean Park Blvd., Suite 3080Santa Monica 90405;energypowerpartners.com

255 1050 - 100

4

clean energy, clean power operating assets, late stagedevelopment assets

Henry Park/Jerry PetersFounding Managing Partners(510) 556-2370

39Vicente Capital Partners11726 San Vicente Blvd., Suite 300Los Angeles 90049; vicentecapital.com

2232 1010 - 30

9

business services, consumerservices, specialty manufacturing

growth/expansion Jay FergusonManaging Partner(310) 826-2255

40Saybrook Capital11400 W. Olympic Blvd., Suite 1400Los Angeles 90064; saybrookfunds.com

2172 58 - 15

N/A

business services, consumer,health care, manufacturing

leveraged buyouts Jonathan RosenthalCo-Portfolio Manager(310) 899-9200

41Transom Capital Group10990 Wilshire Blvd., Suite 440Los Angeles 90024; transomcap.com

150 101514

consumer products, retail,industrial, business services,media

buyout Russ Roenick/Ken FirtelManaging Partners(310) 407-0940

42Vintage Fund Management11611 San Vicente Blvd., Suite 1000Los Angeles 90049; vintage-vfm.com

150 51010

manufacturing, business services later-stage growth andexpansion, control, minoritydebt and equity investments

Mark A. SampsonManaging Partner(310) 979-9090

43Wedbush Capital Partners1000 Wilshire Blvd., Suite 830Los Angeles 90017; wedbushcapital.com

120 25

21

business and financial services,consumer products and services,niche manufacturing

management buyout Geoff Bland/Peter ShoemakerManaging Directors(213) 688-8018

44Corridor Capital12400 Wilshire Blvd., Suite 645Los Angeles 90025; corridorcapital.com

55 31017

manufacturing, business services profitable businesses seekingcapital and transformationalpartnership

Craig EnensteinCEO(310) 442-7000

45Crescendo Capital Partners10833 Wilshire Blvd., Suite 331Los Angeles 90024; crescendocap.com

0 55-10

5

health care, light manufacturing,distribution, consumer,franchises

companies with historicalEBITDA of $2 million

CL TurnerManaging Partner(310) 470-0106




Continued from page 17

0

120

240

360

480

600







’12 ’13 ’14 ’15 ’16

$800

725

650

575

500

425

14 16’15 ’1’1 ’1

Market Rebound

’12

0

5

13 ’1’1 ’10 ’11 ’12 ’13 ’14

4,600

4,500

4,400

4,300

4,200

4,100

4,000’12

4,578

4,456

4,289

4,146

4,068

14’13 ’1’1 ’1

Shaking Out

’10

0

0

0

0

0

0

0’11 ’1’1

2010 2011 2012 2013 2014

’12 ’13 ’14 ’15 ’16

$240

200

160

120

80

0

14 16’15 ’1’1 ’1’12

0

0

0

’13 ’1’1’1

’12 ’13 ’14 ’15 ’16

48%

44

40

36

32

28

14 16’15 ’1’1 ’1’12

0

6

2

8

13 ’1’1







Asset Investors

Fund Raisers

Leveraged Buyouts

’12 ’13 ’14 ’15 ’16

$425

350

275

200

125

0

14 16’15 ’1’1 ’1’12

0

5

0

13 ’1’1

Total Exits

Leveraged BuyoutsThe average equity financing in U.S. leveraged buyouts continues to rise.

0

120

240

360

480

600







’12 ’13 ’14 ’15 ’16

$800

725

650

575

500

425

14 16’15 ’1’1 ’1

Market Rebound

’12

0

5

13 ’1’1 ’10 ’11 ’12 ’13 ’14

4,600

4,500

4,400

4,300

4,200

4,100

4,000’12

4,578

4,456

4,289

4,146

4,068

14’13 ’1’1 ’1

Shaking Out

’10

0

0

0

0

0

0

0’11 ’1’1

2010 2011 2012 2013 2014

’12 ’13 ’14 ’15 ’16

$240

200

160

120

80

0

14 16’15 ’1’1 ’1’12

0

0

0

’13 ’1’1’1

’12 ’13 ’14 ’15 ’16

48%

44

40

36

32

28

14 16’15 ’1’1 ’1’12

0

6

2

8

13 ’1’1







Asset Investors

Fund Raisers

Leveraged Buyouts

’12 ’13 ’14 ’15 ’16

$425

350

275

200

125

0

14 16’15 ’1’1 ’1’12

0

5

0

13 ’1’1

Total Exits

Total ExitsTotal private equity exit volume by U.S. private equity firms dropped last year. (in billions)



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