PRINT THIS PAGE US-based CLB Partners to launch private equity fund10/06/2004. Source: AltAssets. 
 US-based CLB Partners has announced the formation of its debut private equity fund for investments in small to mid-size companies in America. The fund will invest in companies with between $2m and $10m in sustainable cash flow.
'What differentiates our equity fund from others is the unique combination of practical experience and the proven track record of our investors, the consultative nature of our practice, and our buy and build strategy,' said Jim Parrino, co-founder and managing director of CLB Partners. 'Ultimately we are looking to partner with talented entrepreneurs to create a common vision that results in maximising the value of the company for all involved.'
Alex Abreu, a senior vice president at Bank of America, will be joining CLB Partners to assist with the new fund. While at Bank of America he was responsible for assisting middle-market companies in accessing the debt and equity markets, as well as providing M&A advisory services.
'Abreu brings a consultative approach to partnering with successful entrepreneurs in an effort to buy and build businesses, thereby adding value,' said Peter Hughes, CLB Partners co-founder and managing director. 'His significant experience with Bank of America managing financial transactions for middle-market clients and expertise in evaluating strategic alternatives compliments the firms commitments to the market.'
CLB Partners specialises in providing financial advisory and investment banking services to the middle-market, specifically mergers and acquisitions, capital structure analysis, enterprise valuations and strategic advisory services.
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