equity media communications and information based sectors founded 2000 founder steven rattner with joshua steiner peter ezersky and david tanner headquarters seagram building new york new york united states products leveraged buyout growth capital total assets 3 billion number of employees 40 website www.quadranglegroup.com quadrangle group is a private investment firm focused on private equity . the firm invests in middle market companies within the media communications and information based sectors . the firm which is based in new york city was founded in 2000 has raised approximately 3 billion of private equity capital since inception and employs approximately 40 investment professionals in offices in new york and hong kong . quadrangle s private equity business quadrangle capital partners raised a 1.1 billion fund in 2000 followed by a 2.0 billion fund in 2005 . 1 citing a not further identified investor letter a feb. 2010 news report said the first fund had already returned the full amount to its investors and retained stakes in several companies while the second fund had about 500 million left to invest and was up 19 percent in 2009 . no 2008 fund was referenced in the report . 2 in february 2009 steven rattner left quadrangle when he was named as lead auto industry adviser to united states treasury department secretary timothy geithner . a report at the time said that michael huber who joined the firm in 2000 3 and joshua l. steiner would become co presidents of the firm . 4 contents 1 bloomberg relationship 2 ny state pension fund investigation 3 investment holdings 4 references 4.1 other references 5 external links bloomberg relationship edit 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 . 5 in february 2009 when rattner left a report said quadrangle would continue with its responsibilities for bloomberg . 4 in february 2010 mayor bloomberg shift ed about 5 billion from quadrangle into a new investment firm devoted solely to bloomberg s interest and that of his charitable foundation with about a dozen employees of quadrangle it was reported . moving to the new unit would be alice ruth who had been recruited to quadrangle for the bloomberg job and who before that had managed the personal fortune of gordon moore intel s co founder . 2 ny state pension fund investigation edit mr. rattner and quadrangle were linked to a new york pension fund investigation within months of his feb. 09 departure from quadrangle and rattner then stepped down from his government role summer 2009 . 2 in september 2009 a number of other firms involved in the pension fund investigation including carlyle group and riverstone holdings either paid fines or had already agreed to pay settlements and to stop using placement agents while rattner and quadrangle were among others in talks with mr. cuomo s office . 6 in april 2010 the firm agreed to pay fines of 7 million to mr. cuomo s office and 5 million to the securities and exchange commission to settle its part . rattner was not included in the agreement . according to a report the allegations against quadrangle involved a movie deal that a company owned by one of the firm s funds agreed to distribute . that film called chooch was a project involving a brother of david j. loglisci the chief investment officer of the state pension fund . mr. loglisci pleaded guilty in march 2010 to securities fraud and admitted that he helped steer pension money to political contributors of the former state comptroller alan g. hevesi and to companies that paid kickbacks to mr. hevesi s top political consultant hank morris . 7 investment holdings edit it current investment holdings or portfolio companies include 8 west corporation business services pmc internet hargray triple play tower vision wireless references edit us quadrangle holds first closing of second media fund on 1bn altassets march 20 2005 . a b c bloomberg shifts 5 billion out of friend s firm by louise story and michael barbaro the new york times friday february 19 2010 feb. 20 2010 p. b1 ny ed . . retrieved 2010 02 20 . huber bio quadrangle web site . retrieved 2 23 09 . a b 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 . bloomberg chooses a friend to manage his fortune by andrew ross sorkin the new york times jan. 16 . 2008 . retrieved 2 23 09 . 4 firms agree to settlement in new york pension fund inquiry michael j. de la merced the new york times september 17 2009 sep. 18 2010 p. b1 ny ed . . retrieved 2010 02 20 . quadrangle group settles pension fund case by louise story the new york times april 15 2010 . retrieved 2010 04 15 . http www.quadranglegroup.com portfolio default.aspx other references edit on wall st. reputation is fragile . new york times august 5 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 external links edit quadrangle group company website quadrangle group llc at the new york times new york pension inquiry at the new york times v t e private equity and venture capital investment firms investment strategy venture growth mezzanine secondaries leveraged buyout history history of private equity and venture capital early history of private equity private equity in the 1980s private equity in the 1990s private equity in the 2000s investors angel investor corporate venture capital commercial bank crowdfunding institutional investor insurance company investment bank endowment family office fund of funds high net worth individual merchant bank pension fund sovereign wealth fund private equity firms venture capital firms portfolio companies retrieved from https en.wikipedia.org w index.php title quadrangle group & oldid 730167281 categories private equity firms of the united states navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 17 july 2016 at 05 43 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view