Investing
Tony James’ Family Office Spinout Gets $370 Million for Private Equity Bets
This article is for subscribers only.
A spinout investment firm from Blackstone Inc. billionaire Tony James’ family office has launched a private equity fund with backing from him and other members of the world’s super-rich.
Madison River Capital collected about $370 million from investors including wealthy individuals and institutional money managers for buyout deals targeting small-to-medium sized US companies in the health care, industrials and business services sectors, according to a statement on Tuesday.