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Banner Ridge wraps up fund at $300m

Banner Ridge Partners has closed its debut primary fund at a hard cap of $300 million.

Banner Ridge Partners has closed its debut primary fund at a hard cap of $300 million. Banner Ridge DSCO Fund I’s limited partners include public and private pension funds, RIAs and several prominent family offices. DSCO I will target private equity funds focused on distressed, special situations and credit.

PRESS RELEASE

NEW YORK, March 22, 2021 /PRNewswire/ — Banner Ridge Partners, a multi-strategy private equity investment firm with over $1.0 billion in assets under management, has completed fundraising for Banner Ridge DSCO Fund I (“DSCO I”) at its hard cap with $300 million of total commitments. DSCO I, the firm’s debut primary fund, will target commitments to private equity funds with strategies characterized by distressed, special situations and credit. DSCO I received capital commitments from a wide range of institutional investors, including public and private pension funds, RIAs, and several prominent family offices. This is the second fundraise since the firm became an independent business in June 2019.

The partners of Banner Ridge have been focused on the Fund’s target market since 2007. The investment team at Banner Ridge has committed over $1.5 billion to approximately 100 discrete managers focused on distressed, special situations and credit strategies globally. Through primary, secondary and co-investments and by partnering with specialist private equity sponsors in its target market, Banner Ridge focuses on investing in a subset of the market characterized by both complexity and limited access to information.

Anthony Cusano, Co-Founder and Portfolio Manager, said, “The primary private equity fund platform at Banner Ridge is instrumental to our strategy of developing long-term relationships with best-in-class private equity managers. We have built a strong team that is well-positioned to take advantage of the opportunities that arise from being a special situations and distressed specialist. We have already made several investments in the fund and continue to progress on a robust pipeline of opportunities that align squarely with our proven primary investment strategy. We are grateful to have been entrusted by an exceptional group of investors and look forward to continuing our long-term track record of outperformance on their behalf.”

About Banner Ridge Partners:
Banner Ridge Partners is an alternative investment specialist that identifies best-in-class private equity managers in niche markets. Banner Ridge is led by a senior team with significant private markets experience. By targeting deep value opportunities, focusing on fragmented markets, and working through structural complexities, we believe we can exceed the investment goals of our clients. To learn more about Banner Ridge, please visit www.BannerRidge.com.