Irving Place Capital

Irving Place Capital, formerly known as Bear Stearns Merchant Banking (BSMB), is a private equity firm focused on leveraged buyout and growth capital investments in middle-market companies across a range of industries. The firm's predecessor Bear Stearns Merchant Banking was founded in 1997 by John D. Howard, formerly a co-founder of Vestar Capital Partners. The group completed its separation from Bear Stearns' owner JPMorgan Chase in 2008. Irving Place Capital is based in New York City its predecessor had raised approximately $4.4 billion since inception across three Bear Stearns Merchant Banking funds.