News

Pine Creek Partners Announces Fund Closing
October 5, 2006

Washington, DC – Pine Creek Partners, a private equity firm in Washington, DC, today announced that it has closed its first private equity fund, Pine Creek Partners I, at $53 million. Led by founders George McCabe and Rick Rickertsen, Pine Creek Partners will back entrepreneurial managers in management buyout investments.  Pine Creek Partners I will target $10 – 75 million buyouts in a range of industries.

“We are focused on building productive partnerships with management,” explained co-founder George McCabe. “Our preference is to invest where managers are first-time buyers of companies they run. We help managers realize the dream of owning their own company by providing the capital and guidance required to jump start a powerful growth plan.” 

“We are particularly proud to have 17 CEOs as investors in our fund,” said co-founder Rick Rickertsen. “George and I make it a priority to invest with business executive partners where relationships are both beneficial and enjoyable.”

About Pine Creek Partners
Pine Creek Partners is a private equity firm based in Washington DC that offers capital and guidance to growing companies and the executives who currently or in the future will run them. We were founded on the belief that entrepreneurs are unique leaders whose vision and energy is the core of a successful company. Through constructive and confidential partnerships with them, we provide unobtrusive advice and timely funding for expanding a business, purchasing one or providing liquidity to an owner. Over the past decade, our founding partners have invested over $ 600 million in more than 30 companies – and helped numerous executives build businesses. To learn more about Pine Creek’s management-focused approach please visit www.pinecreekpartners.com