Fenway Partners

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Fenway Partners

Company type	Private
Industry	Private Equity
Founded	1994; 30 years ago (1994)
Founder	Richard Dresdale, Peter Lamm
Headquarters	New York, New York, United States
Products	Leveraged buyout, Growth capital
Total assets	$2.1 billion[1]
Number of employees	25+
Website	www.fenwaypartners.com

Fenway Partners is an American private equity firm that makes leveraged buyout and growth capital investments in transportation logistics, consumer products, and manufacturing companies in the middle market. In 2002 Fenway acquired the molding equipment and customer base of Premier Tile. The price for the acquisition was $8.25 million. The firm was founded in 1994 by Richard Dresdale (formerly Clayton, Dubilier & Rice) and Peter Lamm (formerly Butler Capital Partners) and has over $2 billion of capital under management. Since its inception, the firm has raised three private equity funds. Fenway's first fund closed on approximately $525 million of capital commitments in 1996 and just two years later, in 1998, the firm raised an additional $900 million of capital. As a result of several investments made in the 1998 fund, before the collapse of the dot-com bubble, performance in that fund was affected. Nevertheless, the firm was able to raise a successor fund in 2006 and 2007 with approximately $700 million of commitments from institutional investors.