The Wall Street Journal
6 Ocotber 2016

 

A pair of investment executives have formed private-equity opportunity vehicle Highview Capital with the backing of investment firm Karlin Asset Management.

The firm said in a statement that Highview is also launching its inaugural $500 million evergreen fund to invest in and provide strategic and operational resources to mid market businesses.

Co-founded by Ryan McCarthy and David Cohen, Highview, of Los Angeles, will offer a variety of transactions and investments strategies, including buyouts, corporate carve-outs, take-privates, recapitalizations, debt financings, restructuring and bankruptcies, and expedited sale processes.

Mr. McCarthy, who will take on the role of senior portfolio manager at Highview, was previously a founding member, partner and member of the investment committee at Aurora Resurgence, the distressed investment arm of Aurora Capital Group. Mr. Cohen serves as Karlin’s chief executive.

High view will have a flexible mandate, which will allow the firm to partner with management teams in various ways, and to invest in companies at “any stage of their life-cycle, throughout the capital structure and without specified investment horizons,” Mr. McCarthy said in the statement.

Founded in 2005, Los Angeles-based Karlin manages more than $1.5 billion in capital and invests in strategies that include public securities, real estate, direct lending and natural resources.