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Bailey McCann, Opalesque New York: Composition Capital announced its launch as a private equity firm providing growth capital and strategic operating support to high-growth technology and technology-enabled companies.
The firm is founded and co-led by Nishita Cummings and Leon Chen. Cummings and Chen most recently served as Managing Partners of Kayne Partners, the technology-focused growth capital strategy of Kayne Anderson Capital Advisors, L.P.
As investment managers at Kayne Partners, Cummings and Chen helped grow the growth capital strategy to $1.3 billion under management across six funds and growth-stage investments in lower middle market technology and technology-enabled services businesses.
Composition has entered into a sub-advisory arrangement with Kayne Anderson regarding certain Kayne Anderson growth capital funds, to provide management of such funds' portfolio companies, alongside Kayne Anderson personnel and operating partners with Kayne Anderson maintaining ownership of the funds, the general partner, and the investment manager. The Composition team will also continue to deploy capital for certain existing Kayne Anderson growth capital funds.
Joining Composition Capital are some professionals who previously worked alongside Cummings and Chen on Kayne Anderson's growth capital team, including Jacqueline Berris, Jannah Boudreaux, Vladimir Malugin, Laura Mason, Ronald Pierre, and Brendan Talarczyk.
"We are big believers in the lower midd...................... To view our full article Click here
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