PACT Capital Partners Launches as an Independent GP Stakes Investment Firm with Strategic Anchor Investments from Reinsurance Group of America and Sackville Capital
15 January 2025 - 4:45AM
Business Wire
Firm co-founded by Christian von Schimmelmann,
formerly Global Co-Head of the GP Stakes Business at Goldman Sachs
Asset Management, and Brian Vickery, formerly Partner at McKinsey
& Company
PACT Capital LLC (“PACT” or “PACT Capital
Partners”) launched today as an independent investment firm focused
on providing capital and strategic support to middle-market
alternative asset managers.
PACT will seek to partner with high-performing private capital
firms and help them to achieve their strategic objectives.
Headquartered in New York, PACT will utilize its proprietary imPACT
platform to assist established and emerging firms in accelerating
capital formation, designing and launching new products, improving
operations, attracting and retaining talent, leveraging
cutting-edge technology, and improving outcomes for underlying
portfolio companies.
Christian von Schimmelmann, Managing Partner and Co-Founder of
PACT Capital Partners, said: “We are excited to launch PACT with
the goal of becoming the preferred strategic partner for middle
market firms. We believe that, as the private equity industry
continues to evolve, there is a growing opportunity in the middle
market to provide strategic capital solutions. Our team combines
deep investment experience with a passion for helping
high-performing asset management firms achieve their goals, and, in
doing so, seeks to deliver on its differentiated investment
strategy.”
Mr. von Schimmelmann is a veteran GP stakes investor who
previously spent nearly 25 years at Goldman Sachs, where he served
as Global Co-Head and Investment Committee Co-Chair of the GP
Stakes and Seeding Business (“Petershill”). During his tenure at
Petershill, the group raised over $10 billion of capital across
several GP stakes funds, launched a seeding strategy, completed
over 30 investments in private market firms, and created
realizations through several creative and innovative transactions.
Earlier in his career at Goldman Sachs, Mr. von Schimmelmann
created a direct lending program specifically designed for
insurance companies and was a senior member of the Secondary
Private Equity Team (“Vintage”). Prior to Goldman Sachs, Mr. von
Schimmelmann worked at McKinsey & Company (“McKinsey”) in the
Financial Services Practice and at Salomon Brothers Inc. in the
Investment Banking Division.
In addition to Mr. von Schimmelmann, PACT’s leadership team
includes Brian Vickery, Partner and Co-Founder, who will lead the
imPACT platform. Prior to founding PACT, Mr. Vickery was a Partner
in McKinsey’s Private Capital Practice, where he served GPs, LPs,
and portfolio companies. He also led McKinsey’s research and
communications efforts in private markets, and, in that capacity,
he was the chair of the private markets editorial board, a frequent
author and speaker on industry trends, and the host of McKinsey’s
private markets podcast, Deal Volume. Prior to joining McKinsey,
Mr. Vickery began his career at Cambridge Associates before helping
to found the investment office at Boston University.
Joining Mr. von Schimmelmann and Mr. Vickery as Chief Financial
Officer and Chief Compliance Officer is Jonathan Snider, who most
recently served as CFO of GTIS Partners, a global private equity
real estate investment firm. Prior to GTIS, he spent more than a
decade at Goldman Sachs in the Alternative Investments and Manager
Selection group.
As part of the launch, each of Reinsurance Group of America,
Incorporated (“RGA”) and Sackville Capital Ltd. (“Sackville
Capital”) made a significant strategic anchor investment in
PACT.
Leslie Barbi, Executive Vice President and Chief Investment
Officer of RGA, said: “We believe that the current opportunity to
provide capital to asset management firms is highly attractive and
that PACT’s industry experience, extensive network, and innovative
imPACT platform will position it well to deliver comprehensive
services that extend beyond providing funding to middle market
firms. RGA has a history of identifying and supporting
differentiated asset management businesses, and we are excited to
support the launch of PACT with our anchor investment. We believe
PACT’s leadership team will be able to create a highly successful
platform offering strategic capital solutions, and RGA looks
forward to continuing to support PACT in the future.”
In addition, Nasir Alsharif, Executive Chairman of Sackville
Capital, commented: “GP stakes is an emerging asset class in which
we see positive structural tailwinds and significant long-term
potential. Backing experienced teams to create successful
middle-market firms is one of Sackville Capital’s strategic
priorities. We are delighted to be an anchor investor in PACT,
supporting one of the most experienced teams led by two industry
veterans. This team has significant experience in the GP stakes
industry, an innovative approach to building successful investment
platforms, and an extensive network with strong sourcing
capabilities. We also plan to bring Sackville’s strategic and
operational experience alongside access to our international
network to support the success of our partnership with PACT.”
About PACT Capital
PACT Capital is an independent investment firm focused on
providing capital and strategic support to middle-market
alternative asset management firms. PACT seeks to partner with
high-performing established and emerging private capital firms and
help them to achieve their strategic objectives. Headquartered in
New York, PACT utilizes its proprietary imPACT platform to assist
partner firms in accelerating capital formation, designing and
launching new products, improving operations, attracting and
retaining talent, leveraging cutting-edge technology, and improving
outcomes for underlying portfolio companies. For more information,
please visit https://www.pactcapitalpartners.com/.
About RGA
Reinsurance Group of America, Incorporated (NYSE: RGA) is a
global industry leader specializing in life and health reinsurance
and financial solutions that help clients effectively manage risk
and optimize capital. Founded in 1973, RGA is today one of the
world’s largest and most respected reinsurers and remains guided by
a powerful purpose: to make financial protection accessible to all.
As a global capabilities and solutions leader, RGA empowers
partners through bold innovation, relentless execution, and
dedicated client focus — all directed toward creating sustainable
long-term value. RGA has approximately $4.0 trillion of life
reinsurance in force and assets of $120.3 billion as of September
30, 2024. To learn more about RGA and its businesses, please visit
https://www.rgare.com/ or follow RGA on LinkedIn and Facebook.
Investors can learn more at https://investor.rgare.com/.
About Sackville Capital
Sackville Capital is a global investment firm based in London.
The firm manages capital across three distinct investment
strategies: private equity, platform partnerships, and an endowment
programme. Sackville combines investment and entrepreneurial
expertise with an international network to create value in its
strategic partnerships. https://www.sackvillecapital.com/.
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version on businesswire.com: https://www.businesswire.com/news/home/20250114722984/en/
Media Contacts: PACT Capital Mike Geller Prosek
Partners mgeller@prosek.com RGA Lizzie Curry Executive
Director, Public Relations 636-736-8521 lizzie.curry@rgare.com
Sackville Capital Peter Hewer, Sofia Newitt Greenbrook
Advisory Sackvillecapital@greenbrookadvisory.com
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