Quadrangle Group

rdf:langString Quadrangle Group

rdf:langString Quadrangle Group

rdf:langString Quadrangle Group

rdf:langString Steven Rattner with Joshua Steiner, Peter Ezersky and David Tanner

rdf:langString Private equity, Media, Communications and Information-based sectors

rdf:langString Quadrangle Group is a private investment firm focused on private equity. The firm invests in middle-market companies within the media, communications and information-based sectors. The firm, which is based in New York City, was founded in 2000, has raised approximately $3 billion of private equity capital since inception and employs approximately 40 investment professionals in offices in New York and Hong Kong. Quadrangle's private equity business, Quadrangle Capital Partners, raised a $1.1 billion fund in 2000, followed by a $2.0 billion fund in 2005. Citing a not-further-identified "investor letter", a Feb. 2010 news report said the first fund had already returned the full amount to its investors and retained stakes in several companies, while the second fund had about $500 million left to invest and was up 19 percent in 2009. No 2008 fund was referenced in the report. In February, 2009, Steven Rattner left Quadrangle when he was named as lead auto industry adviser to United States Treasury Department Secretary Timothy Geithner. A report at the time said that Michael Huber, who joined the firm in 2000, and Joshua L. Steiner would become co-presidents of the firm.