Founders and General Partners Kevin Brandon and Stephen McCall established the Manhattan-based shop in late 2007 after leaving
The vehicle is focused on making control investments in information services, business services, media and communications services. Blackpoint Equity hopes to hold a first close early this fall and has retained placement agent Atlantic Pacific Capital to help raise the fund. The firm declined to comment on the fundraising.
At Seaport Capital, Brandon and McCall invested in companies with market capitalizations of between $20 million and $100 million and equity needs of $10 million to $35 million in the marketing services, custom publishing, online advertising, communication towers, business process outsourcing, business-to-business publishing and cable industries. In one of its recent exits, Seaport Capital sold Everest Broadband, a provider of high-speed communications services in the Kansas City market, to SureWest Communications for $173 million in cash. Seaport Capital has 14 companies in its portfolio and has exited from 15 investments.