VSS Capital Partners Elevates Leadership with Strategic Investment from Pinnacle
Deal News | Nov 20, 2024 | Veronis Suhler Stevenson LLC
VSS Capital Partners, a private investment firm rooted in healthcare, education, and business services, has welcomed a strategic minority investment from Pinnacle Investment Management Group Limited. This partnership aims to enhance VSS's global distribution via Pinnacle's platforms and leverage VSS's established private investment track record. The collaboration targets growth opportunities in private credit and structured capital strategies, particularly in North America, amid global investor interest in diversified private market asset classes. Concurrently, VSS strengthens its leadership, elevating four senior professionals to partners, reflecting deepened responsibility in firm strategy and growth. Notably, Trent Hickman, with over 20 years in the firm, steps up as co-managing partner. Established in 1987, VSS has facilitated over 600 acquisitions and managed $4 billion across eight funds. Recently, it achieved high private debt fund rankings globally. This strategic move, along with the leadership promotion, signals VSS's readiness to explore new strategic initiatives and geographic expansions while fostering leadership continuity.
Sectors
- Private Equity
- Investment Management
- Healthcare
- Education
Geography
- United States – VSS Capital Partners is headquartered in New York, suggesting a focus on North American markets.
- Australia – Pinnacle is based in Australia, underscoring its regional presence and influence.
- New Zealand – Pinnacle operates in New Zealand, showcasing its regional investment and distribution capabilities.
Industry
- Private Equity – VSS Capital Partners operates in the private equity sector, providing investment in healthcare, business services, and education industries.
- Investment Management – Pinnacle is an ASX-listed investment management group, engaging in global institutional and retail distribution.
- Healthcare – VSS Capital Partners invests in healthcare companies, reflecting part of their diversified investment strategy.
- Education – VSS targets education companies for investment, highlighting their comprehensive investment reach.
Financials
- $128.1 billion – Assets under management by Pinnacle across its affiliates as of September 30, 2024.
- $4 billion – Committed capital managed by VSS across 8 funds.
- 600+ – Number of add-on acquisitions supported by VSS for its portfolio companies.
- 101 – Number of platform investments completed by VSS.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| VSS Capital Partners | Private Investment Firm | Company | Specializes in healthcare, business services, and education investments. |
| Pinnacle Investment Management Group Limited | Investor | Company | ASX-listed investment management group providing global distribution and infrastructure services. |
| Jeffrey Stevenson | Managing Partner | Person | Managing Partner of VSS, integral in strategic partnership with Pinnacle. |
| Trent Hickman | Co-Managing Partner | Person | Recently promoted to co-managing partner at VSS. |
| Patrick Turner | Senior Managing Director | Person | Promoted to Senior Managing Director at VSS. |
| Andrew Goscinski | Senior Managing Director | Person | Promoted to Senior Managing Director at VSS. |
| David Fann | Senior Managing Director and Head of Investor Relations | Person | Joined VSS to expand its platform; former Vice Chairman at Apogem Capital. |
| Ian Macoun | Managing Director | Person | Managing Director at Pinnacle, supporting the strategic partnership with VSS. |