2/1/2010 – Prophet Equity has closed its debut fund at its hard cap for external limited partners, $250 million – and the vehicle still has room to grow. In total, Prophet Equity LP raised $275 million, including a general partner commitment that could increase, Managing Partner Ross Gatlin told LBO Wire. The fund could expand … Read more

Turnaround shop Prophet Equity has held a final close for its debut fund, at the vehicle’s $250 million capital-raising limit. The results represent a rare triumph in today’s market, as first-time managers in particular have found it difficult to raise capital ever since the global financial crisis took hold in 2007. In fact, Prophet even … Read more

Southlake, TX – – November 19, 2009 – Prophet Equity announces the addition of John Tatum to its team. John Tatum joins Prophet Equity as a Vice President from H.I.G. Capital, where he was responsible for responsible for all aspects of the investment process including sourcing and analyzing new investment opportunities, leading seller and lender … Read more

By Nancy Gordon Prophet Equity, a Southlake, Texas based private equity firm, is more than 85 percent of the way toward its fundraising goal, Buyouts has learned. As of early August, the firm’s namesake fund, Prophet Equity LP, had raised $215 million, and will “definitely” hit its hard cap of $250 million from external limited … Read more

Private equity firm Prophet Equity has expanded its team to focus on sourcing, structuring and closing deals in a tough market for buyout shops. In the last six weeks, Prophet has added Charles Collie to its roster for deal support. As an executive director, Collie brings decades of asset based lending and deal experience with … Read more

Southlake, TX – – July 27, 2009 – Prophet Equity LP, a private equity firm that makes control equity investments in strategically strong, asset-intensive, underperforming companies in the lower and middle market, announced today that it has expanded its team focused on sourcing, structuring, and closing transactions and continued to add capital to its fund. … Read more

Contractor Charles Collie became a full-time executive director at the Southlake, Texas firm, Prophet Equity. Collie, a lending professional whose former employers include PNC, is responsible for scouting out investments and portfolio-company debt. Prophet has been working since 2008 to raise $270 million for its debut fund, which would invest in troubled companies. So far, … Read more

BY: LAURA KREUTZER 5/18/2009 – Prophet Equity may well be an endangered species: a first-time fund manager that has managed to attract both the attention and the money of institutional investors. The Southlake, Texas, firm has closed on a little more than $200 million of the $250 million in capital it’s seeking from outside investors … Read more

May 19, 2009 – It was reported yesterday by Dow Jones that Prophet Equity has closed on $200 million of a targeted $250 million for its debut fund. “With a billion dollars of purchasing power for control equity investments in target companies, Prophet Equity is well equipped to support dramatic value creation in companies not … Read more