VSS Capital Partners Welcomes Strategic Investment from Pinnacle Group
Deal News | Nov 20, 2024 | Veronis Suhler Stevenson LLC
VSS Capital Partners, a New York-based private investment firm, has announced a strategic minority investment from Pinnacle Investment Management Group Limited. This partnership aims to leverage Pinnacle's global distribution platform to enhance VSS's reach in private markets, specifically in healthcare, education, and business services. The investment coincides with the promotion of four VSS executives to Partners, marking a new phase in the firm's evolution. VSS, known for its structured capital platform, aims to expand its lower middle market investments, having supported over 600 acquisitions for 101 portfolio companies across 8 funds. The partnership is expected to yield new products, support strategic initiatives, and capitalize on opportunities in private credit and North America. This strategic move also elevates Trent Hickman to Co-Managing Partner, alongside three other promotions, signifying VSS's commitment to nurturing leadership within its ranks.
Sectors
- Private Equity
- Investment Management
- Healthcare, Business Services, and Education
Geography
- United States – VSS Capital Partners is headquartered in New York, and a significant focus of its investment is in the North American region.
- Australia – Pinnacle Group, the strategic investor in VSS, is an ASX-listed company based in Australia.
Industry
- Private Equity – The article discusses VSS's strategic partnership with Pinnacle and mentions participation in private equity investments.
- Investment Management – Pinnacle is an investment management group providing various financial services including fund infrastructure and distribution, relevant to the article.
- Healthcare, Business Services, and Education – These are the sectors in which VSS Capital Partners primarily invests, as mentioned in the article.
Financials
- $128.1 billion – Total assets under management by Pinnacle Group across its affiliates as of September 30, 2024.
- $4 billion – Amount managed by VSS in committed capital across 8 funds.
- 41 billion – Assets under management connected to David Fann's previous position at Apogem Capital.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| VSS Capital Partners | Target Company | Company | A private investment firm based in New York, involved in healthcare, business services, and education investments. |
| Pinnacle Investment Management Group Limited | Bidding Company | Company | An ASX-listed investment management group providing distribution and infrastructure services, investing in VSS. |
| Jeffrey Stevenson | Managing Partner | Person | Managing Partner at VSS Capital Partners, involved in firm leadership and strategic direction. |
| Trent Hickman | Co-Managing Partner | Person | Recently promoted to Co-Managing Partner at VSS, with extensive experience in private equity investing. |
| Patrick Turner | Senior Managing Director | Person | Promoted to Senior Managing Director at VSS, noted for strategic contributions to the firm. |
| Andrew Goscinski | Senior Managing Director | Person | Joined VSS in 1998, recently elevated to Senior Managing Director. |
| David Fann | Senior Managing Director and Head of Investor Relations | Person | Recently joined VSS, focuses on expanding investor relations and platform development. |
| Ian Macoun | Managing Director at Pinnacle | Person | Managing Director at Pinnacle, advocating for the strategic partnership benefits with VSS. |