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Newport Beach merchant bank The Trenwith Group has teamed up with one of the biggest names in American business to launch a $100 million investment fund geared toward restarting sputtering mid-sized companies.
Trenwith has paired up with Los Angeles attorney Nicholas Rockefeller, part of the famous political and industrialist family, to create Trenwith Holdings Ltd. The fund is jointly managed by Trenwith principals Ron E. Ainsworth and Andrew Boyd-Jones along with Rockefeller, who practices law with the Los Angeles firm Troop, Meisinger, Steuber & Pasich LLP.
"This is a different direction for (the Rockefellers), getting into smaller, middle-market companies," Ainsworth said. "They are taking a lot more active approach as opposed to being passive investors."
The fund is capitalized by Rockvest, a Rockefeller trust that holds a 70% stake in Trenwith Holdings. Rockvest itself is a $600 million fund that typically invests in Asia, Latin America and in larger...