Perella Weinberg Partners Launches Private Equity Fund
Perella Weinberg Partners, a New York-based independent financial services firm providing advisory and asset management services to clients globally, has launched a private equity fund focused on investing in growth companies in the lower middle market.
The new vehicle is led by investment veterans David Ferguson and Chip Baird, who joined the firm as Partners in its Asset Management business.
The PWP Growth Equity strategy invests primarily in lower middle market companies across the consumer, services and industrials sectors.
The firm’s Growth Equity team already led the acquisition of Trench Plate Rental Company (a provider of government-mandated trench safety equipment to the underground construction industry in the Western U.S.) in partnership with its management team in August of 2012, and completed its second investment in Fashion to Figure (a fashion retail chain dedicated solely to plus-size women’s fashion) in February of 2013.