Tigertail Capital Partners launches, unveils initial platform investment; Baird partner provides H2 outlook

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Tigertail Capital Partners launches, unveils initial platform investment; Baird partner provides H2 outlook

Good morning, Hubsters. MK Flynn here with the Wire.

Today, there’s a new kid on the block. We’ll take a look at an investment firm that launched earlier this morning.

And we’ve got the latest in our series of H2 Outlook pieces – this time from a recently promoted partner from Baird Capital.

Finally, check out our Dealmakers to Watch profiles, like the latest one on Jeff Aiello, who founded a new firm earlier this year.

Let’s get right to those stories.

Lifeblood of the US supply chain

Tigertail Capital Partners launched earlier this morning, as Iris Dorbian reports. Initial backers include multiple family offices and industry executives.

Upgrade to the premium version of the Wire to learn all about the firm and its first deal.

More deals to get done

Baird Capital sees the US as an excellent source of long-term growth for founder-run UK companies while their domestic market remains subdued, Louise Kingston, partner, told reporter Nina Lindholm in the latest of our outlook pieces for the second half of 2024.

Kingston, whom Baird promoted to partner in July, is part of the global portfolio operations team. She is based in London.

Upgrade to read the interview.

PE Hub is running second half 2024 outlook pieces with senior private equity dealmakers throughout August. The previous instalment was with Nigel Walder, partner at Bain Capital.

ICYMI

Earlier this year, PE Hub launched a new series of profiles called Dealmakers to Watch. We’re featuring private equity professionals as they pivot to new challenges, such as moving to a new firm, launching a new firm, getting promoted to partner, launching an investment strategy, closing a significant deal or some other new endeavor.

Check out these profiles from the series:

• How a chance meeting led Jeff Aiello into a career in private equity

• Renovus Capital’s new principal Gary Tang eyes opportunities in healthcare services

• Keeping up with David Brisske, SKKY’s managing director

• Core’s John May: Lower-mid market is highly attractive

• Inyarek is ‘focused, hungry and ready to hunt’

• OEP’s Greg Belinfanti on building better businesses through adversity

• Matt Leeds seeks proven brands with potential to grow for new firm

If you’d like to see a dealmaker profiled, pitch me at mk.flynn@pei.group.

Coming up

This week, Wednesday may prove a pivotal day, especially in the public markets, as the consumer price index report for July will come out. PE Hub’s consumer sector reporter Rafael Canton writes the Wire on Wednesdays so be sure to tune in for private equity dealmaking insights on the sector.

Tomorrow, I’ll be filling in on the Wire for Craig McGalshan, who has the rest of the week off.

Happy dealmaking,

MK

Read the full wire commentary on PE Hub ...

Also of note (may require subscriptions)

Healthcare of Ontario Pension Plan started infrastructure investing in 2019 and is now involved in some of the biggest deals. Head of infra Steve Smith recounts the Maple 8 pension's growth from zero to C$7bn in five years. (Infrastructure Investor)

Asia-Pacific private equity markets have garnered LP attention over the years in part due to a purported risk premium over their Western counterparts. Hamilton Lane believes this expectation may have been misguided. (Private Equity International)

The FT has a feature on Apollo CEO Marc Rowan and how his purchase of Duryea’s Lobster Deck in Montauk has rankled locals of the Long Island hamlet.

The FT's Inside Business column says that "automation is coming for private equity’s junior roles" and that "new tools for financial analysis could dampen the need for technical processing ability in new hires."

"Anti-wrinkle injection maker Revance Therapeutics has agreed to be bought by privately held Crown Laboratories in a deal valued at $924 million, including debt." (Reuters)

60 Minutes reran its profile of KKR co-head of global private equity Pete Stavros, who the CBS show says "has emerged as an unlikely employee ownership advocate." If you missed it the first time, you can catch it here.

They said it

“Distributors, with their irreplicable logistics networks and hyper-localized fulfillment capabilities, are the lifeblood of the US supply chain and poised to benefit from numerous structural and secular tailwinds.”

— Alex Gatof, co-founder and managing partner, Tigertail Capital Partners on launching the firm