Jefferies Backs Firm Led by Ex-Blackstone, Carlyle Directors
- Stonyrock Partners is said to seek $750 million to $1 billion
- Firm will target middle-market managers, rather than biggest
Pedestrians pass by the headquarters of Blackstone in midtown Manhattan in New York.
Photographer: Victor J. Blue/Bloomberg
Leucadia Asset Management, an arm of Jefferies Financial Group Inc., is backing a new investment firm led by former Blackstone Group LP and Carlyle Group LP executives that will buy stakes in middle-market private equity, real estate, infrastructure, hedge fund, private credit and venture capital companies.
Stonyrock Partners LP, based in New York, is led by managing partner Craig Schortzmann and partner Sean Gallary, former managing directors at Blackstone and Carlyle’s AlpInvest Partners, respectively. The two previously worked together at Asset Management Finance, or AMF, a Credit Suisse Group AG affiliate that focused on buying and selling slices of investment managers.