Point Capital Partners and Forstmann & Co have signed a definitive agreement to form Point Capital – Forstmann & Co, LLC (PCF). The combined entity will leverage each firm’s existing personnel and assets in order to create a dynamic platform engaged in: liquid asset management, structured financial products, investment banking and brokerage, and private equity investments.
PCF’s merged capabilities will benefit entrepreneurs and small businesses through direct investment, and/or capital formation and advisory services.
The joint venture company combines Point Capital’s existing alternative investment platform with Forstmann & Co’s industry experience and pre-existing investments in smaller, dynamic growth companies. The transaction creates a complementary balance of capabilities, with all the elements of a partnership business model.
PCF will be managed by four partners: J Anthony (Tony) Forstmann, who co-founded Forstmann-Leff Associates in 1968 and was an original investor in Forstmann Little & C.; John Myers, who retired after 37 years with General Electric Company (GE) as President and CIO of GE Asset Management (GEAM), where he was responsible for approximately USD200 billion assets under management; and Theodore Williams and Richard Swift, Managing Partners of Point Capital which was founded in 2003 to engage in entrepreneurial activities through brokerage, distressed asset purchases, private lending, and ‘super-angel’ early-stage investments. Prior to founding Point Capital, Williams was an investment banker at UBS and Salomon Smith Barney, and Swift was co-founder and portfolio manager of Stadia Capital, LLC (merged with Morgan Stanley in 2007).
Forstmann says: "I have always been attracted to investment opportunities with a significant magnitude of change. Drawing upon the well-established investing and advisory capabilities at Point Capital, PCF will look for high growth investments for our partners and clients."
