Tom Gores’ Platinum Equity is backing a new alternative investment firm, Centerline Capital Management, that is slated to take on minority equity stakes in public companies.
Centerline will be structured to enable the deployment of long-term capital with a multi-year investment horizon and officials expect to begin investing in the first half of 2020.
The Centerline team, led by co-founder of Archer Capital Management Josh Lobel, has significant experience in making non-control investments in companies undergoing operational and strategic transitions. Relying on Platinum’s operational acumen, Centerline plans to pursue similar . . .
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