Banner Ridge Partners, a NYC-based multi-strategy private equity investment firm, completed fundraising for Banner Ridge DSCO Fund II, at $639 million.
DSCO II, the successor fund to Banner Ridge DSCO Fund I, the strategies inaugural fund, which closed at $300 million in 2021, received capital commitments from a wide range of institutional investors, including public and private pension funds, RIAs, and several prominent family offices.
The vehicle will target commitments to private equity funds, co-investments and early secondaries with strategies characterized by distressed, special situations and credit. This is the fourth fundraise since the firm became an independent business in June 2019.
Led by Anthony Cusano, Co-Founder and Portfolio Manager, Banner Ridge Partners is an alternative investment specialist that identifies private equity managers in niche markets.
The partners of firm have been focused on the Fund’s target market since 2007. The investment team at Banner Ridge has committed over $2.0 billion to approximately 100 discrete managers focused on distressed, special situations and credit strategies globally. Through primary, secondary and co-investments and by partnering with specialist private equity sponsors in its target market, the firm focuses on investing in a subset of the market characterized by both complexity and limited access to information.
FinSMEs
02/08/2022