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Fox Paine history
Fox Paine company history timeline
In November 1996, after 12 years at KKR, Fox decided to open his own shop.
In April 1998, Fox Paine completed fundraising for Fox Paine Capital Fund, also known as "Fund I," an investment fund with $500 million of investor commitments.
However, by early 2001, Fox Paine had succeeded in raising $1 billion for the fund.
In 2005, the two partners disagreed about the raising of a third investment fund.
By August 2007, the situation had soured to such a degree that the partners resorted to litigation to settle a number of disputes.
Eventually, on August 27, 2007, Fox sued Paine in Delaware Chancery Court for breach of contract, breach of fiduciary duty, unjust enrichment, and misappropriation of company assets.
Later, in August 2007, Fox attempted to hire his own CFO, but Paine argued that such a hiring should be made jointly.
In December 2007, Fox and Paine reached an out-of-court settlement under which Fox retained the use of the Fox Paine name and control over the investments in Fox Paine Fund II, and ceded his interest in Fox Paine Fund III, as well as his remaining legacy interest in Fox Paine Fund I, to Paine.
In August 2012, the former partners finally reached a definitive out-of-court settlement.
Source: Global Indemnity Limited on 04/30/2020
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Fox Paine competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Wellspring Capital Management | 1995 | $430.0M | 4,800 | - |
| HCI Equity Partners | 1994 | $8.2M | 15 | - |
| Leonard Green & Partners, L.P. | 1989 | $35.0M | 66 | - |
| Jordan Company | 1982 | $26.7M | 26 | 13 |
| Kelso & Company | 1971 | $67.1M | 500 | 102 |
| Greylock | 1965 | $59.0M | 30 | 37 |
| Reservoir Capital Group | - | $3.0M | 34 | - |
| Crestview Partners | 2004 | $100.0M | 63 | - |
| Genstar Capital | 1988 | $26.0M | 35 | 1 |
| Charlesbank Capital Partners | 1998 | $50.0M | 41 | - |
Fox Paine history FAQs
Zippia gives an in-depth look into the details of Fox Paine, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Fox Paine. The employee data is based on information from people who have self-reported their past or current employments at Fox Paine. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Fox Paine. The data presented on this page does not represent the view of Fox Paine and its employees or that of Zippia.
Fox Paine may also be known as or be related to Fox Paine, Fox Paine & Co LLC and Fox Paine & Company, LLC.