August 7, 2018
Horton Point Closes Financing Round with Dubilier & Co. and Adds Independent Board Director John H. Hunt
New York, NY - Horton Point LLC, an alternative investment and technology firm, has closed its latest financing round with Dubilier & Co. as the lead investor. Existing shareholders also participated in the round.
“Dubilier & Co is an ideal investor for Horton Point at this stage,” said Dimitri Sogoloff, CEO of Horton Point. “They work closely with their portfolio companies, often acting in an advisory capacity on issues of strategy, operations, and expansion. Our team will be able to leverage the expertise of multiple senior partners as we continue to expand our business both vertically and horizontally.”
Dubilier & Co. is a private investment firm focused on buying and building middle-market companies in partnership with management. It was founded in 1994 by Michael Dubilier who was a partner at Clayton, Dubilier & Rice from 1989 to 1994.
“An investment in Horton Point represents our long-term view that a $10 trillion alternative investment industry is moving fast toward embracing modern technological solutions, yet we are still in early stages of this process,” said Jim Wu, a partner at Dubilier & Co. “Companies like Horton Point whose team combines depth of alternative investment expertise with innovative technological solutions are in a great position to benefit from this trend for years to come.”
As part of this transaction, Michael Dubilier and Michael Fawkes, a partner at Dubilier & Co, joined the Horton Point Board of Directors.
Separately, John H. Hunt also joined the Horton Point Board as an independent director. “We are extremely lucky to get someone of John’s caliber on our team,” said Dimitri Sogoloff. “His strategic insights and advice will help us guide this firm through the next growth phase and achieve our ambitious performance targets.”
John Hunt is a former CEO of J.P. Morgan Asset Management’s Institutional business in the Americas. In this role, he managed the institutional investment management strategy, investment product sales and marketing, consultant relations, and client service. Prior to JPMAM, he held senior positions at Barclays Capital, Lehman Brothers, and Goldman Sachs.
Michael Dubilier formed Dubilier & Co. in 1994. From 1989 to 1994, Mr. Dubilier was a partner at Clayton, Dubilier & Rice, one of the world’s oldest private equity firms, where he took part in or initiated numerous acquisitions, recapitalizations, and dispositions of CD&R portfolio companies. He began his investment career in 1983 at Drexel Burnham Lambert where he became a partner in the Corporate Finance Department in 1988.
Mike Fawkes has served as senior advisor and director of multiple early stage and established technology ventures in the Silicon Valley and elsewhere. From 2008 to 2012, Mike served as an Operating Partner with Vantage Point Capital Partners, focusing on the Clean Tech and IT areas. While at Vantage Point, he served on the boards of companies including Tesla Motors, Klipsch Audio, Switch Lighting and Adura Technologies. He spent 29 years in senior executive roles at Hewlett Packard. He is based in San Francisco.
About Horton Point
Horton Point provides advanced investment, due diligence, and technology solutions in the alternative investment industry to accredited investors and asset managers globally.
Horton Point’s online platform HFIN One is a $1+ trillion online marketplace for alternative investments, providing white label solutions for financial institutions, investor servicing tools for asset managers, and a centralized operating system for investors and their advisors.
Horton Point is also developing innovative blockchain solutions.
Horton Point investment team is led by Larry Smith, former Global CIO of Credit Suisse Asset Management.
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For more information, please contact:
Dimitri Sogoloff, CEO
Horton Point LLC
1 212 939 7300