Key Takeaways
- • Matt Perkal, former head of special situations at Brigade Capital Management, has launched Cobblers Cove Capital, a Charleston, S.C.-based investment firm.
- • Brookfield's Oaktree Capital Management has committed $1 billion to Cobblers Cove Capital, according to the Wall Street Journal.
- • The firm will pursue buyouts and growth investments, with Oaktree aiming to co-invest alongside it in future deals.
Summary
A former Brigade Capital Management executive is setting up a new investment firm backed by a $1 billion commitment from Oaktree Capital Management, the credit arm of Brookfield, according to a Wall Street Journal exclusive report.
Matt Perkal previously served as head of special situations at Brigade before forming the new firm, Cobblers Cove Capital, which is based in Charleston, South Carolina. The firm will focus on buyouts and growth investments, according to the report.
The Oaktree commitment gives Cobblers Cove a significant capital base at launch. Oaktree aims to co-invest alongside the firm in future transactions, which would give the Brookfield-owned manager direct exposure to deals sourced by Perkal's team. The primary source does not disclose the firm's target fund size, fee structure, or specific investment strategy beyond buyouts and growth investments.
Matt Perkal previously served as head of special situations at Brigade before forming the new firm, Cobblers Cove Capital, which is based in Charleston, South Carolina. The firm will focus on buyouts and growth investments, according to the report.
The Oaktree commitment gives Cobblers Cove a significant capital base at launch. Oaktree aims to co-invest alongside the firm in future transactions, which would give the Brookfield-owned manager direct exposure to deals sourced by Perkal's team. The primary source does not disclose the firm's target fund size, fee structure, or specific investment strategy beyond buyouts and growth investments.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.