UK-based fund-of-funds manager
The firm currently has $100 million left to invest from its
SL Capital currently sees funds of less than $1 billion as an attractive market segment and will look at vehicles as small as $150 million. The mix between re-ups and new relationships will be 50/50, said Ebersole. The firm’s focus is mainly mid-market buyout funds, but it will also do some secondary buyout deals, as well as committing to mezzanine, distressed debt and energy funds.
Emerging managers are definitely on SL Capital’s radar screen. So far pledges have gone to spin-out teams, but non-spin-outs would be considered, as long as the team has a track record and a history of working well together. One spin-out that snagged a $10 million pledge is mid-market shop
Other GPs include
Besides running funds of funds, the firm also handles separate accounts, such as its €514 million ($654 million) mandate from the