no other articles link to it . please introduce links to this page from related articles ; try the find link tool for suggestions . april 2013 cortec group type private ownership industry private equity founded 1984 headquarters new york city new york united states products leveraged buyouts total assets 2 136 million website www.cortecgroup.com cortec group is a private equity firm focused on leveraged buyout transactions . the firm targets specialty middle market manufacturing distribution and service companies particularly family controlled companies and corporate spin outs . the firm is based in new york city and was founded in 1984 . since inception the firm has raised over 2.6 billion of capital across six investment funds and has completed more than seventy transactions . history edit cortec group was founded in 1984 by senior managers of condec corporation a publicly traded industrial conglomerate . originally the consolidated diesel electric company condec corporation was founded in 1942 by norman i. schafler and became a leading manufacturer of robotics defense aerospace and industrial equipment . condec operated a diversified portfolio of manufacturing companies . 1 cortec was founded by scott schafler norman s son gerald rosenberg and neal kayes . other than scott schafler who remains a managing partner of the firm along with david schnadig jeff lipsitz and mike najjar the other founders have been retired for a number of years . after investing private capital since inception cortec raised its first institutional fund in 1990 . in 2015 cortec raised its sixth institutional fund hitting its hard cap of 1.1 billion after only two months on the fund raising trail . since inception the firm has increased its funds under management approximately every five years . beginning with cortec iii a 331 million fund raised in 2000 the firm has been led by messrs. schafler schnadig and lipsitz . references edit norman ira schafler . new york times august 2 1986 raytheon to sell an electronic components business . new york times december 5 1997 external links edit cortec group company website v t e private equity and venture capital basic investment types buyout venture mezzanine growth secondaries equity co investment 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 terms and concepts buyout financial sponsor management buyout divisional buyout buy sell agreement leveraged recapitalization dividend recapitalization venture angel investor business incubator post money valuation pre money valuation seed money startup company venture capital financing venture debt venture round structure private equity firms and funds limited partnership limited liability company carried interest management fee publicly traded private equity business development company venture capital trust private investment in public equity pipe pledge fund investors corporations institutional investors pension funds insurance companies fund of funds endowments foundations investment banks merchant banks commercial banks high net worth individuals family offices sovereign wealth funds crowdfunding related financial terms aum cap table capital call capital commitment capital structure distribution waterfall ebitda envy ratio high yield debt ipo irr leverage liquidation preference m & a pme taxation of private equity and hedge funds undercapitalization vintage year private equity and venture capital investors private equity firms venture capital firms angel investors portfolio companies retrieved from https en.wikipedia.org w index.php title cortec group & oldid 738391791 categories private equity firms of the united statescompanies established in 1984companies based in new york cityhidden categories orphaned articles from april 2013all orphaned articles 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 8 september 2016 at 17 52 . 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