Calibre fund looks to target metals investments
Jan 07, 2014 | 01:32 PM
| Jo Isenberg-O’Loughlin
NEW YORK James "Jim" Tumulty, a veteran investment banker with a track record in metals and manufacturing, and key members of the team he led at Seaport Group LLC have united to form Calibre Group LLC, a private equity fund that will provide merchant banking services to the "Rust Belt" manufacturing sector.
Calibre was established under an operating agreement that was executed and funded Jan. 2.
"We are pretty excited about our group of shareholders. They understand the metals business completely," Tumulty, principal and chief executive officer of Calibre, told AMM in an interview just prior to the launch of the company.
Tumulty couldnt disclose the identity of Calibres shareholders, saying only that the lead investor was a mentor of his.....
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