Private equity notes and comments

Private Equity in Minnesota

Alumacraft Boats

Alumacraft Boat Co., based in St. Peter, Minnesota, was purchased in early 2012 by New York City-based Corinthinian Capital.

To help showcase data found in theĀ database, we’re going to begin breaking down info on a state, sector, and country level.

There are a number of ways to slice, dice, and filter info in the db and no better way to demonstrate that than doing some simple searches surrounding a central theme.

First up is the state of Minnesota (important to give your home state attention whenever possible). While Minnesota is slightly off the grid when it comes to private equity (and most things), it’s still a surprisingly strong place of economic activity. It’s home to 19 Fortune 500 companies and if Best Buy gets taken private, Minnesota can boast one of the larger buyouts in recent years.

Here’s a rundown based on what we have in the database.

Some Minnesota Private Equity Stats

Number of Firms headquartered in Minnesota 19

Largest Minnesota Firm (based on AUM) Norwest Equity ($3.65 billion)

Largest Minnesota Firm (# of Total Investments) Northstar Capital (79)

# of Past/Current Minnesota based Portfolio Companies308

# of Firms with a Minnesota based Investment194

# of non-US based Firms with a Minnesota based Investment14

Top SectorsMedical Products (32), Business Services (29), Manufacturing (26), Food (17)

# of Professionals represented by Minnesota based Firms126

# of Professionals that went to the University of Minnesota56 (31 still in MN)

# of Professionals that went to St. Thomas Academy24 (16 still in MN)

Image courtesy of Doug Wallick is an online database of more than 2,200+ private equity firms worldwide.

December 4, 2012 | - By