By Iris Dorbian
ighview Capital has raised $500 million for its debut middle market private equity fund. Ryan McCarthy, the former senior director at Alvarez & Marsal, is serving as co-founder and senior portfolio manager of the newly launched Highview, which is backed by Karlin Asset Management.
Highview Capital (“Highview”) today announced its formation and the launch of its operations.
Highview is an opportunistic private equity investment vehicle headquartered in Los Angeles, CA. Its inaugural evergreen fund seeks to invest in and provide strategic and operational resources to middle-market businesses spanning numerous industries. Highview has a highly flexible investment mandate, enabling it to offer a variety of transactions and investment solutions, including buyouts, corporate carve-outs, take-privates, recapitalizations, debt financings, restructurings and bankruptcies, and expedited sale processes.
Ryan McCarthy will lead Highview as co-founder and senior portfolio manager. Prior to starting Highview, Mr. McCarthy spent nine years helping build Aurora Resurgence, Aurora Capital Group’s value-oriented private equity fund, as a founding member, partner, and member of the investment committee. Mr. McCarthy previously spent over eight years at Alvarez & Marsal, most recently as senior director.
“At Highview, we are squarely focused on working with businesses that are at an inflection point – such as periods of transformation, turnaround, growth, or expansion. We will benefit from a flexible mandate that will allow us to partner with management teams in a myriad of ways, with the ability to invest in companies at any stage of their life-cycle, throughout the capital structure, and without specified investment horizons,” said Ryan McCarthy. “We take pride in our ability to partner closely with companies and management teams over the long term, reinforced by the stable nature of our capital source. We are currently building a highly talented team at Highview, and we look forward to announcing these exciting new hires soon.”
Highview is backed by Karlin Asset Management, an investment company founded in 2005 that manages over $1.5 billion in capital.
“Highview is strongly positioned to bring unique value and support to businesses undergoing a period of change. We look to find value where others may not see it and employ creativity in tailoring investment solutions and operational support to meet the specific needs and strategies of unique businesses,” said David Cohen, co-founder of Highview and chief executive officer of Karlin.