Hidden Harbor’s Matt Rainwater launches origination shop

Matt Rainwater has stepped down from his post as director of business development at Hidden Harbor Capital Partners to launch his own outsourced business development firm. His first client: Hidden Harbor Capital Partners.

Rainwater’s new firm, Pineland Capital Partners, will specialize in add-on deal sourcing for private equity firms, according to a Linkedin post. Industries of expertise, according to the firm’s Web site, include industrials, business services, consumer and healthcare.

Rainwater joined Boca Raton, Florida-based special situations shop Hidden Harbor Capital Partners in the spring of 2017. Earlier in his career he serviced as a partner-business development at American Industrial Partners and as VP-business development at High Road Capital Partners.

By press-time I was unable to reach Rainwater for comment. I was also unable to reach executives at Hidden Harbor Capital Partners for comment on any plans to replace him. The firm’s Web site lists two members of its business development team, Vice President Daphna Shamash and Associate Allison Goldman.

The firm closed a $265+ million debut fund in early 2019.

Reach Matt Rainwater.

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