Spire Capital Partners, L.P. Holds Final Closing on Its Private Equity Fund

Apr 11, 2001, 01:00 ET from Spire Capital Partners, L.P.

    NEW YORK, April 11 /PRNewswire/ -- Spire Capital Partners, L.P. announced
 today the final closing of its fund, with capital commitments totaling
 $260 million.  Spire will use the proceeds of its offering to provide growth
 capital to companies in the media and communications industries.
     Commenting on Spire's final closing, Bruce M. Hernandez, a managing member
 of the fund, stated, "We are very pleased with the outcome of our fund raising
 efforts, and we look forward to devoting our full time and resources to
 investing the fund's capital."
     Andrew J. Armstrong, Jr., managing member, further stated, "Spire has
 assembled a diverse, high-quality group of limited partners who are extremely
 knowledgeable in our targeted industry sectors.  Their expertise represents an
 invaluable asset to our fund."
     Spire's limited partners include numerous media and communications
 executives as well as highly regarded institutional investors.  Significant
 institutional investors include First Union Investors, Inc., CIBC Capital
 Corporation, BMO Halyard Capital Fund, Dresdner Kleinwort Capital, J.P. Morgan
 Partners, Mellon Ventures Fund I, LLC, Northeast Utilities, the Private Equity
 Group of WestAM, Citizens Capital, Inc., General Electric Capital Corporation,
 Vulcan Ventures, and Bessemer Trust Company, N.A.
     For additional information on Spire Capital Partners, visit their website
 at www.spirecapital.com.
 
 

SOURCE Spire Capital Partners, L.P.
    NEW YORK, April 11 /PRNewswire/ -- Spire Capital Partners, L.P. announced
 today the final closing of its fund, with capital commitments totaling
 $260 million.  Spire will use the proceeds of its offering to provide growth
 capital to companies in the media and communications industries.
     Commenting on Spire's final closing, Bruce M. Hernandez, a managing member
 of the fund, stated, "We are very pleased with the outcome of our fund raising
 efforts, and we look forward to devoting our full time and resources to
 investing the fund's capital."
     Andrew J. Armstrong, Jr., managing member, further stated, "Spire has
 assembled a diverse, high-quality group of limited partners who are extremely
 knowledgeable in our targeted industry sectors.  Their expertise represents an
 invaluable asset to our fund."
     Spire's limited partners include numerous media and communications
 executives as well as highly regarded institutional investors.  Significant
 institutional investors include First Union Investors, Inc., CIBC Capital
 Corporation, BMO Halyard Capital Fund, Dresdner Kleinwort Capital, J.P. Morgan
 Partners, Mellon Ventures Fund I, LLC, Northeast Utilities, the Private Equity
 Group of WestAM, Citizens Capital, Inc., General Electric Capital Corporation,
 Vulcan Ventures, and Bessemer Trust Company, N.A.
     For additional information on Spire Capital Partners, visit their website
 at www.spirecapital.com.
 
 SOURCE  Spire Capital Partners, L.P.