KPS Capital Partners, LP, a NYC-based manager of special situations funds, received a minority investment from Dyal Capital Partners III, a permanent capital fund affiliated with Neuberger Berman Group.
The terms of the transaction were not disclosed. Dyal has acquired a passive, non-voting ownership interest of less than 20% of the firm.
KPS looks forward to continuing to grow and strengthen its global investing franchise in partnership with Dyal.
Led by co-founders and managing partners Michael Psaros and David Shapiro, KPS is the manager of the KPS Special Situations Funds, a family of investment funds with approximately $5.5 billion of assets under management making controlling equity investments in companies across a diverse range of manufacturing industries.
The firm’s investment strategy is based upon partnering with management teams and focused on growing businesses, both organically and through strategic acquisitions. The portfolio companies have aggregate annual revenues of approximately $4.5 billion, operate 93 manufacturing facilities in 23 countries, and employ approximately 40,000 associates, directly and through joint ventures worldwide.