Matrix Private Capital Group Closes Private Equity Co-Investment
Co-Investment Alongside KKR Complements the Firm's Traditional Wealth Services
Co-Investment Alongside KKR Complements the Firm's Traditional Wealth Services
New York, NY, October 2, 2018 – Matrix Private Capital Group (“the Firm”) has completed a co-investment alongside KKR, a leading global investment firm, to acquire BMC Software (“BMC”), a leader in IT solutions for the digital enterprise. BMC was acquired from a private investor group led by Bain Capital Private Equity and Golden Gate Capital together with GIC, Insight Venture Partners, and Elliott Management. The terms of the agreement, which was previously announced in May 2018, were not disclosed.
The private equity practice at Matrix Private Capital Group makes both co-investments alongside large institutional sponsors and proprietary principal investments. The Firm provides its clients with co-investment opportunities in order to give them access to premiere private equity sponsors, deliver attractive long-term performance and complement clients’ public equity and fixed income holdings.
“Our clients want to invest directly in private equity deals with the ability to opt in on a deal-by-deal basis. This optionality is particularly important in today’s environment, with private equity valuations reaching record highs and funds raising unprecedented amounts of capital,” said Marc Scheuer, a Partner at the Firm.
Justin Gaines, Partner at Matrix Private Capital Group, added, “Our differentiated wealth platform creates access to high-quality private investments for clients – the co-investment we made alongside KKR embodies the unique value creation we deliver to our families, entrepreneurs and business owners.”
About BMC: BMC helps customers run and reinvent their businesses with open, scalable, and modular solutions to complex IT problems. Bringing both unmatched experience in optimization and limitless passion for innovation to technologies from mainframe to mobile to cloud and beyond, BMC helps more than 10,000 customers worldwide reinvent, grow, and build for the future success of their enterprises, including 92 of the Forbes Global 100. For more information, please visit bmc.com.
About KKR: KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate and credit, with strategic manager partnerships that manage hedge funds. KKR aims to generate attractive investment returns for its fund investors by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation with KKR portfolio companies. KKR invests its own capital alongside the capital it manages for fund investors and provides financing solutions and investment opportunities through its capital markets business. References to KKR’s investments may include the activities of its sponsored funds. For more information, please visit kkr.com.
About Matrix Private Capital Group: Matrix Private Capital Group is a diversified asset management firm and registered investment adviser headquartered in New York City. The Firm provides wealth advisory, strategic advisory, private equity and alternative equity solutions for individuals, family offices and institutions. For more information, please visit matrixpcg.com.
Media Contacts:
Melissa Gradowitz
212-756-8640
[email protected]