Nantucket not buried

Nantucket Partners may be dead, but Phil Cooper says that it isn’t yet buried.

Cooper is the founder and former head of the Goldman Sachs Private Equity Group, who retired in 2004 to launch Nantucket alongside a few other ex-Goldman pros, including Donald Opatrny and Jerome Truzzolino. The Greenwich, Conn.-based firm was supposed to raise upwards of $1 billion for its inaugural fund, but gave up last summer after failing to secure enough commitments.

Most people believed that was the end of Nantucket. After all, its phone was disconnected. But Cooper said last week that the firm is considering a comeback.

“Something might be happening with it later this year,” he said.

Cooper is currently involved with a pair of hedge funds and serves as senior lecturer at the MIT Sloan School of Management.