JSM Financial: Private equity firm Quadrangle Group LLC exploring options to raise new fund.

As it gears up for its latest fund Quadrangle is said to be exploring its options with selling a monitory stake in itself one possibility.
May 27, 2010 - PRLog -- JSM Financial has learned that the media focused company Quadrangle Group LLC has recently been in discussions with the boutique bank Evercore Partners to collect advice over possible options open to the firm.

Sources close to the matter say that besides the option of selling a portion of itself, Quadrangle is also considering just going ahead with its efforts to raise the new fund. The source did however highlight that the company was considering all options and that a sale may not be likely.

"As we have said previously, Quadrangle is focused on the process of preparing for our next fundraising," JSM Financial believes a Quadrangle spokesperson recently said in a telephonic statement.

"We will be exploring a broad range of options during this process including the use of advisers and the possibility of securing a significant anchor investor in the new fund."

Quadrangle will not be the first private equity firm to go down this route with Silver Lake in 2008 selling a minority stake of itself to pension fund Calipers, who also regularly invest in Silver Lakes funds.

Quadrangle has invested its $2billion second fund which it conclude raising in 2005 and had to put plans for a new fund on hold until it settled a drawn out pay-to-play probe in April this year JSM Financial was informed.

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