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Article: RECENT DEALS
- Article from:
- The Washington Post
- Article date:
- September 25, 2006
CopyrightThis material is published under license from the Washington Post. All inquiries regarding rights should be directed to the Washington Post. (Hide copyright information)
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Pine Creek Partners, a private equity firm run by well-known
local investors Carl J. "Rick" Rickertsen and George McCabe,
finished raising its first investment fund last week to finance
small and mid-size management buyouts.
The $53 million fund was two years in the making. McCabe and
Rickertsen decided to go into business together in April 2004 over
lunch, soon after each left his previous job. Rickertsen had been
the chief operating officer for Thayer Capital, a District buyout
firm. McCabe had been a managing director at Friedman, Billings,
Ramsey & Co., helping run that investment banking firm's merchant
banking business.
"It was tough raising a first-time fund," Rickertsen said. "A lot ...