Ex-Partners Capital co-Investment chief launches independent sponsor

Adam Spence, who headed co-investments and the New York office at Partners Capital, has left the $75 billion-plus investment firm after nearly eight years to launch Spence & Company, an independent private equity firm targeting defense and critical supply-chain companies.

Spence left Partners Capital in August and launched New York City-based Spence & Company this month, according to his Linkedin profile. The 52-year-old private equity veteran plans to pursue two to three deals a year, generally assembling $25 million to $100 million of equity for lower-middle-market and middle-market investments.

Log in to read more -->

Ex-Trilantic exec joins outsourced CIO’s co-invest team

Former Trilantic North America consumer specialist Jennifer Fox Bensimon has joined the co-investment team at outsourced CIO provider Partners Capital in New York City.

Bensimon joins a London-based firm with more than 360 people managing some $60 billion in assets for endowments, foundations, family offices and wealthy investors. As of June the firm was raising money for its seventeenth PE fund of funds, Partners Capital Condor Fund XVII LP. At press-time, the firm was recruiting for several team members, including a private equity investment associate in San Francisco.

Log in to read more -->