Court Square Capital Partners

This article is about the U.S. and European private equity firm spun out of Citigroup in 2006. For the European, Asian and U.S. focused private equity firm spun out of Citigroup in 1993, see CVC Capital Partners. For the New York City Subway station, see Court Square (New York City Subway).
Court Square Capital Partners
Company typePrivate
IndustryPrivate Equity
Founded1968; 56 years ago (1968)
HeadquartersNew York City, United States
Productsprivate equity funds
AUM$8.2 billion
Number of employees
48
Websitewww.courtsquare.com

Court Square Capital Partners is a private equity firm focused on leveraged buyout transactions. Court Square was originally a captive private equity firm within Citigroup known as Citigroup Venture Capital Equity Partners. Court Square's investment professionals have invested over $4.5 billion in more than 150 transactions, which have returned $14 billion to date.

Court Square is headquartered in New York City and was spun out of Citigroup in 2006. The firm is named after the location of Citigroup's offices at One Court Square in Queens.

History

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March 2015 Court Square Capital acquired Research Now.[1]

Court Square currently manages approximately $8.2 billion of investor commitments.

The firm's predecessor Citicorp Venture Capital Equity Partners traces its roots to 1968 with the founding of Citicorp Venture Capital. In the 1980s, CVC Equity Partners began to focus primarily on leveraged buyout transactions.

The spin out of Court Square came at the same time as the spin outs of private equity groups from other leading investment banks including: JPMorgan Chase (CCMP Capital), Morgan Stanley (Metalmark Capital), Deutsche Bank (MidOcean Partners) and Credit Suisse First Boston (Avista Capital Partners, Diamond Castle Holdings).

In 2008, Citigroup sold off the bulk of its $400 million of interests in legacy Court Square investment funds to secondary investors AlpInvest Partners and Goldman Sachs.[2]

References

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  1. ^ "Research Now acquired by private equity firm".
  2. ^ Kreutzer, Laura. "Citigroup shutting down VC arm after Metalmark buy." DowJones Private Equity News, May 29, 2008
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