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PRINT THIS PAGE Parallel Investment Partners is new name for SKM Growth Investors23/08/2005. Source: AltAssets. 
 US private equity firm SKM Growth Investors has renamed itself Parallel Investment Partners. 'Parallel' stands for the firm's long-established track record of aligning its interests with business owners, investors and deal sources, the firm said in a statement. Parallel will continue to sponsor recapitalisations and invest in growth capital and buy-outs involving growing, lower middle market companies.
In April 2005 Parallel transitioned to operating independently from its partners at Saunders Karp & Megrue in connection with their merger with Apax Partners. The firm continues to manage the investments made on behalf of SKM's third fund and work closely with Apax Partners on investing Parallel's remaining pool of capital.
Barron Fletcher, managing director of Parallel, said, 'The strong support we received from the market over the last six years helped us establish SKMGI as a leading private equity platform in the lower middle market.'
'We plan to continue building on this success with the same energy and passion going forward as Parallel Investment Partners,' Fletcher continued.
Parallel is headquartered in Dallas, Texas, and has an office in Los Angeles, California.
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