Sentinel Capital Partners, a private equity firm that invests in promising mid-market companies, has formed a strategic partnership led by funds managed by Blackstone’s GP Stakes business (Blackstone) and including RidgeLake Partners (RidgeLake).

As investors with deep experience partnering with top-tier private equity firms, Blackstone and RidgeLake take a long-term approach to collaborating with general partners. Blackstone and RidgeLake are providing primary equity capital as minority investors.

Blackstone’s GP Stakes business specialises in value-added, long-term partnerships with leading private-market alternative asset managers. The partnership will give Sentinel’s portfolio companies access to Blackstone’s group purchasing programs, which leverage the buying power of the USD150 billion revenue base across Blackstone’s entire investment platform. Sentinel will also be able to draw from a wide range of other services Blackstone provides internally and to its portfolio companies, including sustainability, ESG and cybersecurity.

The investment from RidgeLake, a partnership between PA Capital and Ottawa Avenue Private Capital, will give Sentinel access to additional sources of potential deal flow and industry know-how. RidgeLake brings more than 40 years of experience as an active private markets investor and industry thought leader in the middle market.

Read more/Source: Private Equity Wire