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Associated Capital Group Announces Launch of Gabelli Private Equity Partners

August 07, 2017, 08:00 AM
Filed Under: New Venture
Related: Private Equity

Associated Capital Group, Inc. announced that it intends to launch a new private equity investment management business focused on leveraged buyouts and restructuring of small and mid-sized companies.

AC has recently formed Gabelli Private Equity Partners, LLC, a Nevada limited liability company, to manage a private equity portfolio that is expected to be funded with up to $150 million of the company’s capital.

Commenting on the new initiative, Doug Jamieson, CEO of the company said, “GPEP is a logical extension of Gabelli’s investment platform based on our 40 year history of valuing companies on a private market value basis. 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 (in today’s dollars)."

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