Former Corinthian Capital exec launches PE shop Agonic Partners

Michael Haanpaa, a former principal at Corinthian Capital Group, has launched Agonic Partners to invest in underperforming businesses operating in fragmented industries.

Founder and Partner Haanpaa unveiled his New York City-based firm earlier this month on LinkedIn, saying he planned to invest in industrial, manufacturing and consumer industries.

The Agonic Partners Web site provided limited information at press time. We were unable to reach Haanpaa to learn more about his firm and his fundraising or hiring plans.

The Bona Fides: Haanpaa joined Corinthian Capital Group in 2022 to invest in lower-middle-market businesses in manufacturing, services and distribution. He previously had served as a principal at Acacia Research, where he was responsible for sourcing and negotiating acquisitions of companies in business services, healthcare, industrials and technology. Haanpaa also worked as a vice president at Speyside Equity and at Stifel Financial Corporation.

Corinthian Capital Group: Founded in 2005, Corinthian Capital has raised more than $450 million for its first two funds and is expected to raise a third. Executives at Corinthian Capital Group declined to provide additional details for this article.