SOURCE: Compass Partners

Compass Partners

March 22, 2010 08:30 ET

Compass Advisers Establishes an Asset Management Platform and Announces the Launch of a Business and Information Services Focused Private Equity Fund

Scott Marden, a Long-Time Investor and Executive in the Business and Information Services Sectors, Rejoins the Firm as Head of Asset Management

NEW YORK, NY--(Marketwire - March 22, 2010) -  Compass Advisers Group, LLC, a leading international merchant banking partnership, today announced the formation of Compass Partners Asset Management LLC, a principal investing arm focused on alternative investments. The firm also announced that Scott Marden has rejoined as Head of Asset Management from Credit Suisse and will become Managing Partner of the Compass Investment Partners Fund, a new middle-market private equity fund. In addition, the firm has hired several senior investment professionals who previously worked with Mr. Marden at Credit Suisse to serve as the core private equity team. 

Stephen Waters, Managing Partner of Compass Advisers, said in a statement: "Asset management is a logical extension for our firm, especially at this rare inflection point in the market. Our differentiated sector focus and proven team combined with the deep relationships and global reach of Compass will position us to deliver superior returns to our investors." 

Compass' new private equity fund will target transactions in North America within the business and information services sectors, and will include businesses that aim to capitalize on three rapidly emerging trends: globalization, outsourcing and digitization. The fund will seek to invest in capital efficient businesses that provide their customer base with outsourced services and critical information using databases, digital platforms and proprietary content. Companies within the portfolio will serve high growth sub-sectors primarily within the marketing/communications, healthcare, energy, education, financial and consumer markets. Mr. Marden stated: "As the economy continues to recover and transition to a service-based model, we believe this is an opportune time for new investment. Companies that provide timely information and differentiated services that can be distributed through multiple channels will lead the way." 

Mr. Marden most recently served as Head of Information & Media Partners for DLJ Merchant Banking Partners, the private equity arm of Credit Suisse. He was previously a Partner at Compass until 2001 when he left to become President of McGraw-Hill's Information and Media Services segment. Mr. Marden has also held a variety of senior roles across Wall Street and has been a senior executive at The McGraw-Hill Companies, Marvel Entertainment and Philips Media. Mr. Marden stated: "Returning to Compass after 10 years demonstrates my confidence in the platform. The opportunity to build a fresh and differentiated approach to alternative investments does not come along very often." 

Several asset classes are planned over the next five years, with an initial focus on private equity. In addition, the firm continues to manage the remaining investments in Compass Partners European Equity Fund, which is expected to be a top-quartile performer for its vintage year. Compass' new private equity fund will evaluate growth capital and leveraged buyout investments where the team can utilize its collective financial, operational and industry experience to drive value post-closing. Compass' strategy is to provide its limited partners and portfolio companies with the same personal attention, customized solutions and transparency that the firm consistently provides to its client base. 

About Compass Partners Asset Management, LLC
Compass Partners Asset Management LLC is a newly formed principal investing arm within Compass Advisers. The division is developing a range of alternative investment products that meet its investors' demand for generating top-quartile returns balanced with a commitment to transparency and risk management. Several investment funds will be raised over the next few years, with an initial focus on private equity in North America through the Compass Investment Partners Fund.

About Compass Advisers Group, LLP
Compass Advisers Group, LLC and its affiliate, Compass Advisers, LLP (www.ca-llp.com) form an international, private merchant banking partnership distinguished by our successful execution of cross-border transactions. We are known for providing innovative, world-class strategic and financial advice to our clients, who include significant domestic and international companies, entrepreneurs, private families, institutional investors, creditors, conglomerates and sovereign governments. Founded by Stephen Waters in 1996, the advisory business was established as a distinct entity in 2001. Compass provides independent, senior-level advice and execution in mergers and acquisitions, restructurings, private equity placements and complex capital market transactions. The firm has offices in New York, London, Milan and Shanghai, and also has strategic relationships in India, Russia and the Middle East. 

Contact Information

  • Contacts:

    Press inquiries
    Patricia Steele
    PR@compasspartners.com
    (646) 660-2853

    General inquiries
    Scott Marden
    scott.marden@compasspartners.com
    (212) 702-8508