New York
, New York
Apogem Capital is an alternative investment firm specializing in the middle market with approximately $41 billion in AUM. It was formed in 2022 after amalgamating the businesses of funds-of-funds manager PA Capital, lender Madison Capital, and co-investor GoldPoint Partners into one organization.
In total, the umbrella entity, which is a subsidiary of New York Life, has developed some 320 sponsor relationships and made approximately 2,700 investments. The private equity team manages about $20 billion in assets and invests across buyout, secondary, growth, turnaround and co-investment strategies. The firm has a long history of backing new funds and has committed $1.5 billion to 95 emerging managers. Apogem also has a “social advancement” strategy that targets managers from diverse backgrounds across Canada and the United States. The private credit team manages about $18 billion in assets spread across direct lending and junior debt strategies, while the real asset department has about $1 billion in AUM.
MS476
$41 billion assets under management
Atlanta
, Georgia
The Cathy Family Office, based in Atlanta, manages the fortune of the heirs to the Chick-fil-A fortune. It backs private equity funds, including emerging manager funds. It invests directly in venture capital (in a limited fashion), private equity ($5 million minimum) and real estate. It will take a flyer on an emerging manager. John W. Stephenson Jr is the vice president and head of the Cathy Family Office. The senior directors are Andrew Fisher and Ryan Haning. Elizabeth Chapman serves as family services lead.
MS476
New York
, New York
747 Capital is a fund-of-funds manager established in 2001 by Gijs van Thiel and Marc der Kinderen, allocating capital to small-cap funds across North America. The firm manages approximately $983 million in assets and has launched at least 12 separate funds under two fund family umbrellas.
The flagship funds, named Stuyvesant, are in their eighth generation and incorporate primary investments, co-investments, and secondaries. Meanwhile, LPs can also access more co-investment exposure via the Hudson funds, which are only offered to existing investors.
The funds that 747 Capital targets have $50 million to $350 million in LP capital. The firm also appears open to creating new relationships with fund managers as its Web site states: “747 Capital seeks to meet with every small-cap buyout fund in its market.” The firm’s strategy focuses on growth, buyout, and turnaround investment funds that target businesses with cash flow-positive companies valued between $10 million and $100 million. They also generally seek funds with a conservative approach to leverage. Since inception, the firm has made 92 fund investments and 121 co-investments. 747 Capital reviews at least 100 funds yearly.
MS476
About $983 million assets under management
Westport
, Connecticut
Cat Trail Capital is the Weston, Connecticut-based single family office of the Dekker family, which made its fortune in scientific, technology and medical publishing.
David Dekker, managing partner, founded the firm in 2004, and leads it with his brother and partner, Russell Dekker. Andrew Budinoff serves as director of portfolio management and trading.
Within alternatives, the firm makes both fund commitments and direct investments. It has an appetite for private equity, real estate, venture capital, secondaries, private credit and hedge funds. It backs both emerging managers and impact investments. On the direct side it likes making venture capital investments at the seed stage up to $10 million; in a private equity deal it will invest $10 million to $50 million.
MS476
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