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Irving Place Capital Overview
Founded in 1997, manages nearly $4.4B in equity
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Middle market focus with silo approach
Primary Silos
Two traditional private equity funds
–
IPC II raised $1.5B in 2000; fully invested
in 2006
–
IPC III raised $2.7B in 2006; one-third
invested
Retail/Consumer
Portfolio I raised $200M in 1997; fully
invested in 2001
Financial Services
Irving Place Capital has invested in 51 companies
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Consistently strong performance
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Partner with talented operators
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Make control or entrepreneurial
investments
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36% of capital invested has been in
entrepreneurial transactions
Emerging Silos
Energy
Healthcare
Packaging
Transportation
CONFIDENTIAL
US Private Equity
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Over $150 billion raised in 2008 alone.
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Traditional investors include state pension funds,
endowments, large financial institutions, and high net worth
individuals.
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Distinct from venture capital.
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Investment horizon: 3-7 years and achievement of 25+%
compounded rate of return.
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The vast majority of private equity firms are not “barbarians
at the gate”.
Private Equity, Tied House, and Lost Opportunities

Private Equity is an excellent source of financing for smaller
and midsized companies, particularly those with unique
needs.
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Most private equity firms maintain a somewhat generalist
approach that allows them to invest in multiple industries.

In the current environment, many leveraged retailers and
producers are in need of equity capital.

However, tied house rules force many PE firms to shy away
from the alcoholic beverage sector because of potential
restrictions on their investing activity.
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In IPC’s experience, the tied house rules do not reflect the
realities of today’s capital markets, and the tied house evils
can be avoided without the limiting intent of the current
laws.