Paul Capital
| Company type | Private |
|---|---|
| Industry | Private equity |
| Founded | 1991 |
| Founder | Philip Paul |
| Headquarters | San Francisco , United States |
Area served | North America, Latin America, United Kingdom, Western Europe, Central Europe, Eastern Europe, Middle East, South Africa, Asia, Australia |
| Products | Fund of funds, secondary investments, healthcare direct investments (royalty and revenue interest financing) |
Number of employees | 100+ |
| Website | paulcapital |
Paul Capital is a private equity investment firm that includes a fund of funds, a secondary investment division, and a healthcare direct investment segment concentrating on royalty and revenue interest financing. The company employs more than 100 professionals and oversees assets totaling over $7 billion across its three distinct investment areas.
The firm maintains offices in Hong Kong, London, New York City, Paris, São Paulo, and San Francisco, complemented by regional representatives with specialized knowledge covering North America, Latin America, the United Kingdom, Western Europe, Central Europe, Eastern Europe, the Middle East, South Africa, Asia, and Australia.
History
Established in 1991 by Philip Paul, the firm began by acquiring 42 fund positions in venture capital and leveraged buyout from the Hillman Company, representing one of the pioneering transactions within the private equity secondary market. Over time, Paul Capital broadened its scope to incorporate a fund of funds platform alongside a healthcare team focusing on royalty and revenue interests linked to pharmaceutical and medical device products.
Secondary investments
Paul Capital has been actively engaged in the private equity secondary market since its inception in 1991. Its secondary investments division is the firm's largest platform, managing assets exceeding $4.4 billion. The company has also launched dedicated offices for secondary private equity transactions in developing regions such as Asia and Latin America.
The most recent secondary fund, Paul Capital Partners IX, L.P., successfully closed in May 2008 with commitments amounting to $1.65 billion.
Providing liquidity solutions to institutional investors, Paul Capital acquires interests in both private equity funds and privately held companies. Its clientele comprises pension funds, financial institutions, endowments, family offices, corporations, and general partners. In addition to conventional secondary deals, the firm designs customized structures to meet complex investor requirements—such as reducing discounts on carrying values, maintaining relationships with general partners while securing liquidity, and safeguarding potential future portfolio gains.
External links
- Paul Capital (company website)