type partnership industry private equity founded 1995 headquarters new york new york united states key people craig cogut managing partner products leveraged buyout growth capital total assets 2 billion number of employees 60 website www.pcalp.com pegasus capital advisors l.p. is a private equity investment firm founded in 1995 by former co founder of apollo management and drexel burnham lambert lawyer craig cogut . cogut is a managing partner at pegasus capital advisors l.p. pegasus specializes in sourcing buying and building middle market companies that compete on the basis of sustainability and resource efficiency . the firm has raised four funds since inception and currently manages us 2 billion in capital . their offices are located in new york city ny and cos cob ct. they have made over 70 investments in various companies such as igps lighting science molycorp minerals universal lubricants and cannondale . citation needed the firm was recently appointed by governor arnold schwarzenegger of california to serve as the financial advisor to the r20 regions of climate action . the r20 has been created to facilitate develop and implement low carbon and climate resilient projects and market based solutions through cooperation between developed and developing country subnational governments . contents 1 history 2 funds 3 portfolio 4 competitors 5 references 6 external links history edit history of private equity and venture capital early history origins of modern private equity the 1980s leveraged buyout boom the 1990s leveraged buyout and the venture capital bubble the 2000s dot com bubble to the credit crunch v t e pegasus was founded by craig cogut in 1995 . prior to founding pegasus cogut was a senior principal and one of the founding partners of apollo management . leon black and craig cogut started apollo management during the twilight of their careers at former investment banking power drexel burnham lambert after the bank was besieged by allegations over illegal activities involving high yield debt . 1 from 1990 to 1995 cogut was involved in virtually all aspects of apollo s distressed securities investments and restructurings . he left apollo in 1995 and established pegasus to focus on investments in middle market companies facing financial distress . 1 like jerome kohlberg who left his kkr to find the middle market private equity shop kohlberg & company cogut departed from apollo to concentrate on the middle market sector where returns from deals are more reliant on the actual alpha of the investor . in other words cogut wanted to concentrate on transactions that could generate returns through revenue growth and operating improvements rather than largely relying on financial leverage . funds edit since its founding in 1995 pegasus has raised four private equity funds with total investor commitments of c. 2 billion . 2 pegasus raises the capital from a variety of limited partners that include major public and corporate pension funds leading endowments fund of funds and family offices . it closed its fourth private equity fund in january 2007 hitting the us 750 million cap that had been set . 3 pegasus partners i 1995 220 million pegasus partners ii 1999 561 million 4 pegasus partners iii 2004 316 million 4 pegasus partners iv 2007 750 million 4 as of december 31 2015 funds ii iii and iv achieved returns of 15.96 % 1.77 % and 0.30 % respectively . 5 portfolio edit since its inception in 1995 pegasus has invested in more than 70 companies . the firm tends to invest in the consumer products technology business services energy financial services industrial manufacturing and communications sectors . citation needed the following is a selected list of the firm s investments universal lubricants molycorp minerals lighting science igps traxys cannondale bicycle corporation 6 jenzabar psi carol s daughter imagesat international nsi spirit music group t & m protection resources hain pure protein corporation competitors edit pegasus competes with other major private equity players in the middle market including kohlberg & company audax group berkshire partners golden gate capital and madison dearborn partners . references edit a b executive profile craig m. cogut . bloomberg businessweek . february 11 2015 . about pegasus capital advisors section http finance.yahoo.com news pegasus capital advisors prnews 14880572.html http www.privateequitywire.co.uk articles detail.jsp content id 237675 a b c pegasus partners iv closes on 750m . altassets december 5 2007 colorado pera alternative investments portfolio auction finds buyer for bicycle maker . new york times march 24 2003 external links edit pegasus capital advisors lp company website 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 pegasus capital advisors & oldid 737560489 categories private equity firms of the united statescompanies established in 1995hidden categories all articles with unsourced statementsarticles with unsourced statements from august 2010 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 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