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Asset management firm LJH, John Jonge Poerink launch private equity firm Linley Capital03/09/2008. Source: AltAssets. 
 Alternative investment firm LJH Global Investments and industry veteran John R Jonge Poerink have launched LJH Linley Capital, a New York-based private equity firm. The new firm will invest in mid-market companies through LBOs, recapitalisations and growth equity investments in sectors including consumer products, industrial and manufacturing in the US, Canada, Latin America and Europe.
LJH is providing interim equity financing that will enable Linley Capital to make immediate investments ranging from $50m $800m in value.
The new firm's advisory board includes Robert F Bernstock, president of the Shipping and Mailing Services division of the United States Postal Service; Brian G Dyson, former vice chairman and COO of the Coca Cola Company; Cathy Taylor, CEO of Phoenix Footwear; and David Sutherland, former president and CEO of steel manufacturing company IPSCO.
The board will work in partnership with the Linley team throughout the buy-out process to provide due diligence support and industry expertise, and work with management of portfolio companies, according to the firm.
Prior to Linley Capital, Poerink was a partner in a New York-based mid-market buy-out firm where he worked on LBO transactions with more than $400m in enterprise value, including the acquisition of Rocket Dog Brands and Luxury Optical Holdings.
Poerink said, 'Together with LJH we have developed a unique structure for private equity investments, combining a robust source of capital, an experienced transaction team and a world-class board of operating experts. It allows us to be flexible and make prudent investments across a wide range of industries and geographies.'
'Over the years, we have developed a strong foundation of trust and respect for John's investment and management capabilities. Partnering with John to build Linley Capital represents an exciting initiative for LJH and our investors. Moreover, we believe that Linley's middle market focus is both timely and under-served,' added James R Hedges, IV, chairman and founder of LJH.
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