|By Business Wire||
|October 1, 2013 02:31 PM EDT||
Announcing the formation of Pelican Point Capital Partners LLC., a merchant bank focused on direct and co-investment in the following sectors: specialty finance, mortgage banking, middle market lending, technology/med tech, media/film finance, insurance brokerage, healthcare, commercial real estate, oil/gas, renewable energy and financial technology and services. Ike Suri and Shahid "Shad" Quraishi are the Co-Founders and Co-CEO's. Pelican Point Capital has offices in Newport Beach, California and New York City. Both Shad and Ike bring a unique skill-set from their Wall Street experience, LBO expertise, hands-on principal management, operating experience and roll ups of private ventures. Pelican Point Capital also exhibits a strong advisory board and is in the process of opening offices through its co-partner arrangements in London, Dubai, Delhi, Mumbai and Shanghai.
"We are very excited to be forming this new initiative in the pursuit of firms needing innovative financing solutions and a merchant bank partner in the further creation of enterprise value," Shad Quraishi states.
"As financial markets evolve, our combined experience of financing and building companies along with our advisory board will be well placed to co-invest and deploy effective Debt and Equity capital in various sectors through creative financing structures," added Ike Suri.
Further information on Pelican Point Capital Partners, its leadership team, advisory board, services and investments can be found at www.pelicanpointcapital.com.