Los Angeles is enjoying a more hopeful moment in private equity, nine months after being hit with multiple wildfires that took a toll on several local M&A professionals.
LA-based PE firms Composition Capital and Fusion Capital Partners, founded last year by former executives of Kayne Anderson and Odyssey Investment Partners, have brought debut funds to market. The two firms filed regulatory forms late last month, respectively, for Composition I LP fund and Fusion Capital Partners I LP fund. No amounts or targets were listed.