Atlantic-Pacific executives spin out to form firm: updated

  • Alex Leykikh, James Weidner, Brendan Edmonds form firm
  • Not clear if they retain roles with A-P Capital
  • A-P Capital recently named new CEO

Three senior executives are spinning out from Atlantic-Pacific Capital to form their own placement shop, two sources told Buyouts.

Atlantic-Pacific partners Alex Leykikh, James Weidner and Brendan Edmonds are forming Metric Point Capital. They’ve changed their LinkedIn profiles to reflect the changes.

The three partners will continue working on existing mandates as they transition out of the firm over a period of time, a person close to Atlantic-Pacific told Buyouts. The transition has been in place for a while, the person said. Weidner declined comment.

Metric Point does not appear to have a website yet.

Weidner was with Atlantic-Pacific since 2004, Leykikh worked there since 2001 and Edmonds started with the firm in 2006, according to their LinkedIn profiles.

The firm named Raed Elkhatib chief executive last year, succeeding Mark Bourgeois, who left to join Abraaj Group. Elkhatib joined from the private fund group at Credit Suisse, where he was a managing director. Atlantic-Pacific, in the last six months, hired three additional people in distribution and opened an office in Atlanta. The Atlanta office is led by Principal Hank Gurley.

Last year, Atlantic-Pacific helped raise the debut fund of Bernhard Capital Partners, which closed on more than $750 million. The placement shop also worked on Broadwell Capital’s Tactical Opportunities fund, which closed on $1 billion; and Waterton’s third fund, which wrapped up at $715 million.

James Manley formed Atlantic-Pacific Capital in 1995. Manley remains with the firm as chairman.

Update: This post has been updated to include information about the three partners’ transition out of Atlantic-Pacific.

Action Item: Check out Atlantic-Pacific Capital’s brokerage filing here:

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