NEW YORK--(BUSINESS WIRE)--PACT Capital LLC (“PACT” or “PACT Capital Partners”) launched today as an independent investment firm focused on providing capital and strategic support to middle-market alternative asset managers.
PACT will seek to partner with high-performing private capital firms and help them to achieve their strategic objectives. Headquartered in New York, PACT will utilize its proprietary imPACT platform to assist established and emerging firms in accelerating capital formation, designing and launching new products, improving operations, attracting and retaining talent, leveraging cutting-edge technology, and improving outcomes for underlying portfolio companies.
Christian von Schimmelmann, Managing Partner and Co-Founder of PACT Capital Partners, said: “We are excited to launch PACT with the goal of becoming the preferred strategic partner for middle market firms. We believe that, as the private equity industry continues to evolve, there is a growing opportunity in the middle market to provide strategic capital solutions. Our team combines deep investment experience with a passion for helping high-performing asset management firms achieve their goals, and, in doing so, seeks to deliver on its differentiated investment strategy.”
Mr. von Schimmelmann is a veteran GP stakes investor who previously spent nearly 25 years at Goldman Sachs, where he served as Global Co-Head and Investment Committee Co-Chair of the GP Stakes and Seeding Business (“Petershill”). During his tenure at Petershill, the group raised over $10 billion of capital across several GP stakes funds, launched a seeding strategy, completed over 30 investments in private market firms, and created realizations through several creative and innovative transactions. Earlier in his career at Goldman Sachs, Mr. von Schimmelmann created a direct lending program specifically designed for insurance companies and was a senior member of the Secondary Private Equity Team (“Vintage”). Prior to Goldman Sachs, Mr. von Schimmelmann worked at McKinsey & Company (“McKinsey”) in the Financial Services Practice and at Salomon Brothers Inc. in the Investment Banking Division.
In addition to Mr. von Schimmelmann, PACT’s leadership team includes Brian Vickery, Partner and Co-Founder, who will lead the imPACT platform. Prior to founding PACT, Mr. Vickery was a Partner in McKinsey’s Private Capital Practice, where he served GPs, LPs, and portfolio companies. He also led McKinsey’s research and communications efforts in private markets, and, in that capacity, he was the chair of the private markets editorial board, a frequent author and speaker on industry trends, and the host of McKinsey’s private markets podcast, Deal Volume. Prior to joining McKinsey, Mr. Vickery began his career at Cambridge Associates before helping to found the investment office at Boston University.
Joining Mr. von Schimmelmann and Mr. Vickery as Chief Financial Officer and Chief Compliance Officer is Jonathan Snider, who most recently served as CFO of GTIS Partners, a global private equity real estate investment firm. Prior to GTIS, he spent more than a decade at Goldman Sachs in the Alternative Investments and Manager Selection group.
As part of the launch, each of Reinsurance Group of America, Incorporated (“RGA”) and Sackville Capital Ltd. (“Sackville Capital”) made a significant strategic anchor investment in PACT.
Leslie Barbi, Executive Vice President and Chief Investment Officer of RGA, said: “We believe that the current opportunity to provide capital to asset management firms is highly attractive and that PACT’s industry experience, extensive network, and innovative imPACT platform will position it well to deliver comprehensive services that extend beyond providing funding to middle market firms. RGA has a history of identifying and supporting differentiated asset management businesses, and we are excited to support the launch of PACT with our anchor investment. We believe PACT’s leadership team will be able to create a highly successful platform offering strategic capital solutions, and RGA looks forward to continuing to support PACT in the future.”
In addition, Nasir Alsharif, Executive Chairman of Sackville Capital, commented: “GP stakes is an emerging asset class in which we see positive structural tailwinds and significant long-term potential. Backing experienced teams to create successful middle-market firms is one of Sackville Capital’s strategic priorities. We are delighted to be an anchor investor in PACT, supporting one of the most experienced teams led by two industry veterans. This team has significant experience in the GP stakes industry, an innovative approach to building successful investment platforms, and an extensive network with strong sourcing capabilities. We also plan to bring Sackville’s strategic and operational experience alongside access to our international network to support the success of our partnership with PACT.”
About PACT Capital
PACT Capital is an independent investment firm focused on providing capital and strategic support to middle-market alternative asset management firms. PACT seeks to partner with high-performing established and emerging private capital firms and help them to achieve their strategic objectives. Headquartered in New York, PACT utilizes its proprietary imPACT platform to assist partner firms in accelerating capital formation, designing and launching new products, improving operations, attracting and retaining talent, leveraging cutting-edge technology, and improving outcomes for underlying portfolio companies. For more information, please visit https://www.pactcapitalpartners.com/.
About RGA
Reinsurance Group of America, Incorporated (NYSE: RGA) is a global industry leader specializing in life and health reinsurance and financial solutions that help clients effectively manage risk and optimize capital. Founded in 1973, RGA is today one of the world’s largest and most respected reinsurers and remains guided by a powerful purpose: to make financial protection accessible to all. As a global capabilities and solutions leader, RGA empowers partners through bold innovation, relentless execution, and dedicated client focus — all directed toward creating sustainable long-term value. RGA has approximately $4.0 trillion of life reinsurance in force and assets of $120.3 billion as of September 30, 2024. To learn more about RGA and its businesses, please visit https://www.rgare.com/ or follow RGA on LinkedIn and Facebook. Investors can learn more at https://investor.rgare.com/.
About Sackville Capital
Sackville Capital is a global investment firm based in London. The firm manages capital across three distinct investment strategies: private equity, platform partnerships, and an endowment programme. Sackville combines investment and entrepreneurial expertise with an international network to create value in its strategic partnerships. https://www.sackvillecapital.com/.
