September 2, 2008
American Securities Closes Unprecedented 25-Year Private Equity Fund
American Securities, a leading middle-market private equity firm with a successful history of investing with management teams and business owners for the long-term, today announced the closing of American Securities Partners V, an unprecedented 25-year investment fund with committed capital of more than $2.3 billion.
ASP V is the fifth fund raised by American Securities. The firm and its affiliates now have approximately $6 billion under management. American Securities is led by seven Managing Directors who average more than 14 years each at American Securities. They are Michael G. Fisch, Charles D. Klein, David L. Horing, Paul Rossetti, Glenn B. Kaufman, Matthew F. LeBaron and Marc L. Saiontz.
The American Securities team includes more than 20 investment professionals as well as the firm’s unique 14-person Resources Group which exists to support American Securities’ portfolio company management teams. The Resources Group is comprised of senior executives with specific functional expertise in areas such as strategy, operational excellence, IT and Asia product sourcing.
American Securities is headquartered in New York where most of its professionals are located. The Firm also has a 16-person Shanghai office which, among other things, advises portfolio companies on Asia-Pacific strategy, product and component sourcing, local partnering, and building manufacturing facilities in Asia.
In announcing the closing of ASP V, American Securities President and CEO Michael Fisch said, “We are delighted to continue building on our long-standing high net worth family and endowment relationships in ASP V. We are also pleased to have attracted select new investors, a number of whom are international investors that expand our geographic reach on behalf of our U.S.-based portfolio companies to additional countries around the world. Our investors understand our enthusiasm to help managers build their companies for the long-term. The unique 25-year investment horizon of this partnership will allow us to continue to create high long-term, risk-adjusted rates of return for our management partners and investors.
