Deals
Z Capital Weighs Stake Sale at $1 Billion-Plus Valuation
- New York firm has begun discussions with potential investors
- Proceeds could seed new funds, expand employee ownership
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James Zenni’s Z Capital Group LLC, an investment firm focused on private equity and credit wagers, is exploring strategic options including the sale of a minority stake, according to a person with knowledge of the matter.
Z Capital is in preliminary talks with potential investors on a stake sale that could value the firm at $1 billion or more, said the person, who requested anonymity discussing a private matter. The New York-based firm is working with an adviser to solicit interest, and may use proceeds to seed new funds and expand employee ownership, the person said.