Firm: Abbott Capital Management LLC
Fund: Abbott Capital Private Equity Investors 2010
Amount Raised: $110 million
Target: $110 million
Placement Agent: None
The New York-based shop has collected commitments totaling $110 million for
Buyouts previously reported that the
The new pool of capital is earmarked for commitments to buyout, venture capital and special situation funds. Within that, the firm diversifies its vehicles through industry sectors like consumer products, financial services, health care and media.
An executive at Abbott Capital declined via email to comment for this story. The firm held its annual investor meeting on June 10 and June 11.
If the new fund of funds has indeed held a final close, it would represent a relatively speedy capital-raise in a market characterized by protracted fundraisings and discriminating limited partners. Abbott Capital Private Equity Investors 2010 officially collected its first pledge on Dec. 17, 2009, and there are no remaining LP interests to be sold, according to the regulatory filing.
Abbott Capital was formed in 1986 by Co-Founding Directors Raymond L. Held and Stanley E. Pratt. Prior to launching Abbott Capital, Held had been a senior vice president in the venture capital group of Manufactures Hanover Investment Corp., while Pratt was the chairman of Venture Economics and editor of Pratt’s Guide to Venture Capital Sources, both of which are products of Thomson Reuters (publisher of Buyouts). Pratt also served as publisher and editor of Venture Capital Journal, a sister publication of Buyouts.