Sonostar Capital Partners, LLC was formed in July 2005 as an investment fund seeking to replicate the strategy and investment performance of Sonostar Ventures, LLC, our prior investment vehicle. Sonostar Ventures had successfully pursued a strategy of entrepreneurial investing – focused on private equity, venture capital and public market opportunities. From an investment return perspective, Sonostar Ventures’ principals generated more than 13 times their original capital investment in realized and unrealized returns over the eight year investment period, besting all available benchmark indices by a wide multiple. Among Sonostar’s successes in the private market were Paradigm Direct, Keryx Biopharmaceutical, US Home Services, Marquis Jets, Renewal by Andersen, Garden State Brickface and others. (Several of these investments ultimately became public securities.) In the public market, Sonostar generated extraordinary returns in Amre, KCW (US West bonds), Sun Energy Partners (L.P. units), Central European Media, Quintel and others.
Our new fund, Sonostar Capital Partners LLC, is the next step in a natural progression for Sonostar. Under the investment management of Greg Kiernan as Managing Partner (and with SonostarVentures’ co-founder David Moore continuing as a partner/investor), Sonostar Capital Partners seeks to generate attractive returns by continuing to pursue the entrepreneurial investment strategy that has worked so well at Sonostar Ventures, albeit on a larger scale. Sonostar Capital’s Partners/Investors are fifteen individuals who represent a veritable “who’s who” of finance and industry: In the finance sector, we include as our partners current or former directors, partners and executive officers from Salomon Smith Barney, Goldman Sachs, Lehman Brothers, Paine Webber, Keefe Bruyette, Lazard and Bear Stearns. One partner is president and CEO of a multibillion dollar hedge fund. Another oversees one of Europe’s largest technology venture capital funds. One partner is a senior trader at a large and very successful N.Y. hedge fund. Another is CEO of the industry leader in purchasing, servicing and securitizing credit sensitive residential mortgage loans.In industry, we have the chairman and CEO of a successful telecom and communications technology company, the CEO of a major marketing service company, the president of a family based real estate fund, and an executive turned cattle breeder. All of the investors have invested a minimum of $1 million each and committed to provide their deal flow, their expertise and their network of relationships to help assure the success of Sonostar Capital. The Managing Partner has invested 25% of the investment funds and has agreed to devote substantially all of his time and energy to the management of the fund.
Sonostar Capital had its initial drawdown on July 1, 2005 and was completely funded in January 2006.