Twin Bridge Hires Ex-Five Points Partner to Lead Small Buyout Push
June 25, 2019 – The Wall Street Journal writes about Twin Bridge strengthening its small market buyout strategy with the hiring of Matt Petronzio as Partner.
At Twin Bridge, he will help strengthen the firm’s focus on smaller funds, which it defines as emerging and established managers raising funds of $400 million or less in size. Historically, Twin Bridge has backed both small-market funds and lower midmarket funds, which it defines as those targeting more than $400 million to $1.5 billion in capital. However, the firm has opted to devote additional resources to the smaller end of the market as it has seen opportunities there grow.
Recent commitments that Twin Bridge has made to small buyout funds include Union Capital Equity Partners II LP, a $200 million fund that closed in 2017, and Carousel Capital Partners V LP, which closed at its $400 million hard cap earlier this year.