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Quadrangle Group
Type	Private
Founded	2000
Founder(s)	Steven Rattner with Joshua Steiner, Peter Ezersky and David Tanner
Headquarters	New York, New York
Industry	Private equity, Media and Communications
Products	Leveraged buyout, Growth capital
Total assets	$6 billion
Employees	40+
Website	www.quadranglegroup.com

Quadrangle Group is an alternative investment firm focusing on private equity, public equity and asset management. firm focused on growth capital investments in middle market companies across a range of industries. The firm invests primarily in businesses involved in media and communications sectors.

The firm, which is based in New York City, was founded in 2000 by Steven Rattner, former deputy CEO of Lazard Freres, with Joshua Steiner, Peter Ezersky and David Tanner. The firm has raised approximately $6 billion since inception and employs approximately 40 investment professionals in offices in New York, London, Palo Alto and Hong Kong. Quadrangle's private equity business raised a $1.1 billion fund in 2000, followed by a $1.8 billion fund in 2005.^[1] As of the end of 2008, the firm was currently raising a $2.25 billion fund.

In January, 2008, it was reported that New York Mayor Michael Bloomberg's extensive business interests were placed in "a sort of blind trust" with Quadrangle because of Bloomberg's possible run for the presidency. Bloomberg was reported to be a friend of Rattner. Bloomberg would "continue to have control of and access to certain investment decisions."^[2] On February 23, 2009, Rattner was named as lead auto industry adviser to Treasury Department Secretary Timothy Geitner, leaving Quadrangle. The report said Quadrangle would continue with its responsibilities for Bloomberg after Rattner's departure, and that Michael Huber, who joined the firm in 2000^[3], and Steiner would become co-presidents of the firm. ^[4]

[edit] References

^ "US Quadrangle holds first closing of second media fund on $1bn" AltAssets, March 20, 2005.
^ "Bloomberg Chooses a Friend to Manage His Fortune" by Andrew Ross Sorkin, The New York Times, Jan. 16. 2008. Retrieved 2-23-09.
^ Huber bio Quadrangle Web site. Retrieved 2-23-09.
^ "Rattner to Serve as Lead Adviser on Auto Bailout" by Michael J. de la Merced and Andrew Ross Sorkin, The New York Times "DealBook", Feb. 23, 2009 1:41 pm. Retrieved 2-23-09.

4 Top Lazard Freres Bankers Are Quitting to Open Firm. New York Times, March 1, 2000
YankeeNets Network Attracts Investors . New York Times, July 20, 2001
PLUS: TV SPORTS; Partner Pulls Out Of Yankee Cable Deal. New York Times, September 18, 2001
On Wall St., Reputation Is Fragile. New York Times, August 5, 2008
Bloomberg Chooses a Friend to Manage His Fortune. New York Times, January 16, 2008
The Dress Code Is Relaxed, but the Courting Is Intense. New York Times, November 10, 2006
Eyeing More Turf. New York Times, February 17, 2006

[edit] External links

Quadrangle Group (company website)

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[0] "US Quadrangle holds first closing of second media fund on $1bn" AltAssets, March 20, 2005.

[1] "Bloomberg Chooses a Friend to Manage His Fortune" by Andrew Ross Sorkin, The New York Times, Jan. 16. 2008. Retrieved 2-23-09.

[2] Huber bio Quadrangle Web site. Retrieved 2-23-09.

[NYT0127-3] "Rattner to Serve as Lead Adviser on Auto Bailout" by Michael J. de la Merced and Andrew Ross Sorkin, The New York Times "DealBook", Feb. 23, 2009 1:41 pm. Retrieved 2-23-09.

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