Like a teenager breaking free from his parents for the first time, John Snook and the crew at CPBE Capital are learning that independence can be a double-edged sword. CPBE is formerly the private equity arm of investment bank Close Brothers. CPBE gained its independence in late 2008 and set out with a target of £450-500 million for its maiden fund. This proved to be overly-ambitious as the firm closed its first fund with £300 million in commitments, which doesn’t come as a huge surprise considering it’s the worst environment for fundraising the industry has seen in the last six years. John joined CPBE in 1984 and was named a managing partner in 1998. In addition to serving as chairman of CBPE’s investment committee, he is also a member of its executive committee.
Like a teenager breaking free from his parents for the first time, John Snook and the crew at CPBE Capital are learning that independence can be a double-edged sword. CPBE is formerly the private equity arm of investment bank Close Brothers. CPBE gained its independence in late 2008 and set out with a target of £450-500 million for its maiden fund. This proved to be overly-ambitious as the firm closed its first fund with £300 million in commitments, which doesn’t come as a huge surprise considering it’s the worst environment for fundraising the industry has seen in the last six years. John joined CPBE in 1984 and was named a managing partner in 1998. In addition to serving as chairman of CBPE’s investment committee, he is also a member of its executive committee.