Pegasus Capital

Pegasus Capital Advisors, L.P. is a private equity fund manager based in the United States, specializing in providing capital and business solutions to middle market companies across various industries. Founded in 1995, the firm currently manages over $1.8 billion in assets through multiple private equity funds and has completed more than 70 investments. Pegasus focuses on niche sectors where resources are limited, including energy, food, water, and security. The firm operates from main offices in Cos Cob, Connecticut, and New York City, supported by a team of over 50 investment and advisory professionals. Its investment strategies include targeting specific industries such as financial services, manufacturing, and technology.

Arik Arad

Operating partner

Craig Cogut

Chairman and President

David Cogut

Partner

Andrew Cooper

Vice President

Christopher J. Cosmides

VP

Richard Hannah Davis

COO & Partner

Thomas Emmons

Partner

Simon Forsyth

Principal

Joel Haney

Partner

Anuj Kamdar

Senior Analyst

Ron Klein

Partner

Marco Krapels

Partner

Edward Levin

Partner

Alec Machiels

Partner

David Pollak

Marketing Director

Ben Sarnoff

Associate

Rob Sauermann

Senior Associate

Parth Shah

VP

Daniel Stencel

Chief Financial Officer

Mitchell Zucker

Vice President of Marketing and Investor Relations

Lee Holderness, Ailene

VP

17 past transactions

Phase Change Solutions

Venture Round in 2019
Phase Change Energy Solutions, Inc. manufactures bio-based phase change materials designed to enhance energy efficiency in various sectors. Founded in 2011 and based in Asheboro, North Carolina, the company specializes in innovative products like BioPCM, which can store large amounts of latent heat through a solid-to-gel or solid-to-solid transition. These materials are utilized in applications ranging from building insulation to the safe transport of sensitive goods, including food and pharmaceuticals. The company operates a 130,000 square foot research and manufacturing facility and serves diverse markets, including retail, hospitality, government, and industrial sectors. By focusing on sustainable and non-toxic materials, Phase Change Energy Solutions aims to contribute to environmental goals while improving energy performance across its applications.

Yanzi Networks

Acquisition in 2018
Yanzi Networks AB is a Swedish limited liability company that was founded in 2009. The shares in Yanzi are owned by the company’s founders and employees together with a selected number of private investors and The Sixth AP-Fund. Yanzi resides at the company’s offices at Isafjordsgatan 32C in Kista, Sweden.

LinkBee

Seed Round in 2016
LinkBee develops a mass-market smart home solution for non-tech-savvy consumers. It creates a next generation connected-home by integrating LED bulbs, sensors, and audio into an end-to-end solution. The company was founded in 2015 and is headquartered in New York, New York.

PanTheryx

Private Equity Round in 2016
PanTheryx is a U.S. medical nutrition company focused on the research, development, and commercialization of products that promote intestinal health. The company is engaged in the discovery and development of its proprietary technology platform, advancing clinical testing, and the commercialization of its products that both address the specific dietary needs of children with infectious diarrhea, and support overall intestinal health. The company’s medical nutrition products are regulated in three FDA categories: medical foods, food for special dietary use, and dietary supplements. PanTheryx was founded in 2007 by Mark A. Braman and is based in Boulder, Colorado.
Lighting Science Group Corporation specializes in designing, developing, and marketing general illumination products that utilize light-emitting diodes (LEDs) as their light source. The company offers a wide range of LED retrofit lamps as replacements for traditional incandescent, compact fluorescent, and halogen lamps, along with various LED luminaires, including a solar-powered street lighting solution known as FreeLED. Additionally, Lighting Science produces biological lighting products tailored for specific needs, such as circadian replacement lamps, grow lights, and outdoor luminaires. The company's products serve diverse markets, including residential, retail, government, and educational sectors, through various distribution channels including branded and co-branded programs, direct sales, and independent agents. Incorporated in 1988, Lighting Science Group is headquartered in West Warwick, Rhode Island, and emphasizes environmentally friendly solutions that enhance energy efficiency and reduce costs.

The Idealists

Seed Round in 2013
The IdeaLists is a curated online marketplace bustling with brands, businesses, and agencies that are looking to make their next creative project amazing. Projects are listed and then pitched by our highly curated community of creative professionals based on schedule, budget, and deliverable(s). The end result? More access to great work and less unnecessary layers that tend to drive uptime and costs. It was founded in 2010 and headquartered in Los Angeles, California.

Property Finder

Series A in 2013
PropertyFinder owns and operates real estate portals across Dubai. Available in both English and Arabic, its websites provide visitors with search facilities covering residential and commercial properties for rent or for sale, real estate news, home advice, and buying and selling guides. PropertyFinder provides its users with the tools to help consumers find the properties that fit their needs. It works with brokers to list properties in one convenient site, and make it easier to see all of the information about those properties while browsing from its users’ desktop or on the move.
Lighting Science Group Corporation specializes in designing, developing, and marketing general illumination products that utilize light-emitting diodes (LEDs) as their light source. The company offers a wide range of LED retrofit lamps as replacements for traditional incandescent, compact fluorescent, and halogen lamps, along with various LED luminaires, including a solar-powered street lighting solution known as FreeLED. Additionally, Lighting Science produces biological lighting products tailored for specific needs, such as circadian replacement lamps, grow lights, and outdoor luminaires. The company's products serve diverse markets, including residential, retail, government, and educational sectors, through various distribution channels including branded and co-branded programs, direct sales, and independent agents. Incorporated in 1988, Lighting Science Group is headquartered in West Warwick, Rhode Island, and emphasizes environmentally friendly solutions that enhance energy efficiency and reduce costs.

Apellis Pharmaceuticals

Series A in 2011
Apellis Pharmaceuticals is a clinical-stage biopharmaceutical company based in Waltham, Massachusetts, dedicated to developing therapeutic compounds that inhibit the complement system to address autoimmune and inflammatory diseases. The company's lead candidate, pegcetacoplan, is undergoing Phase III clinical trials for geographic atrophy associated with age-related macular degeneration and paroxysmal nocturnal hemoglobinuria, while also being assessed in Phase II trials for several other conditions, including cold agglutinin disease and lupus nephritis. Additionally, Apellis is developing APL-9, which is currently in Phase I clinical trials aimed at preventing immune activation related to adeno-associated virus. The company collaborates with Swedish Orphan Biovitrum AB to advance pegcetacoplan for various rare diseases. Founded in 2009, Apellis focuses on creating innovative therapies for conditions characterized by excessive activation of the complement cascade across multiple medical fields, including hematology and ophthalmology.

ReCommunity

Acquisition in 2011
ReCommunity Holdings II, Inc. provides recycling services. It operates single-stream recycling and multi-material processing facilities. The company transforms discarded paper into eco-friendly home insulation; and PET and HDPE bottles into fresh new bottles, or carpeting and clothing, as well as recycles aluminum cans and containers to harvest bauxite ore, which is a raw material for virgin aluminum. It partners with state and local governments, businesses, and residents in various communities. The company was founded in 2011 and is based in Charlotte, North Carolina with recycling facilities in Florida, North Carolina, Georgia, Tennessee, Delaware, New Jersey, Pennsylvania, Connecticut, New York, Michigan, Ohio, Wisconsin, Arizona, and Texas. As of October 2017, ReCommunity Holdings II, Inc. operates as a subsidiary of Republic Services, Inc.
Lighting Science Group Corporation specializes in designing, developing, and marketing general illumination products that utilize light-emitting diodes (LEDs) as their light source. The company offers a wide range of LED retrofit lamps as replacements for traditional incandescent, compact fluorescent, and halogen lamps, along with various LED luminaires, including a solar-powered street lighting solution known as FreeLED. Additionally, Lighting Science produces biological lighting products tailored for specific needs, such as circadian replacement lamps, grow lights, and outdoor luminaires. The company's products serve diverse markets, including residential, retail, government, and educational sectors, through various distribution channels including branded and co-branded programs, direct sales, and independent agents. Incorporated in 1988, Lighting Science Group is headquartered in West Warwick, Rhode Island, and emphasizes environmentally friendly solutions that enhance energy efficiency and reduce costs.

Core Security

Series D in 2008
Core Security provides enterprises with market-leading, threat-aware, identity, access and vulnerability management solutions that enable actionable intelligence.

Hi-Tech Solutions

Series B in 2008
Hi-Tech Solutions, Ltd. operates as a system and software company. The company offers SeeCar License Plate Recognition, which detects and reads vehicle license plates for parking, access control, traffic surveillance, law enforcement, and security applications; SeeContainer Identification, which tracks and reads shipping container identification marking, and transmits the ID string to the port or gate computer; and homeland security products, including rail optical character recognition to track and trace containers for monitoring dangerous goods, integration with radiation portals for first and second line of defense systems, border crossing systems, and airport traffic screening systems. The company also offers SeeWay that identifies and tracks number plates on vehicles traveling at low to high speeds; SeeRoad, a single-lane license plate recognition system; C4, which identifies the license plate and automatically opens the gate for authorized vehicles; SeeFilm, an application for off-line processing of speed and red-light violations that were captured on film; SeeCar Dynamic Link Library, a recognition software library; SEEGATE, which recognizes the containers ID, the truck plate, and optionally the wagon/chassis numbers; SEECRANE, which automatically reads and records the container ISO code number; SEETRAIN, a container recognition system on single rail tracks for terminal portals and slow/medium speed trains; and SeePlane, a vision-based multi-lane recognition system for identifying airplane tail numbers. Hi-Tech Solutions, Ltd. was founded in 1992 and is based in Rishon Lezion, Israel.

Carol's Daughter

Acquisition in 2007
Carol's Daughter is a brand of natural beauty products for hair, skin, and body, founded by Lisa Price in her Brooklyn kitchen and named after her mother, Carol. The brand has garnered attention from notable partners, including Will and Jada Pinkett Smith, Jay-Z, and Mary J. Blige. Each product encapsulates themes of nature, family, and love, reflecting the personal stories behind their creation. Over its 20 years of operation, Carol's Daughter has maintained a commitment to quality while sharing unique family secrets through its offerings. The products are available in Carol's Daughter retail stores, on the company's website, and at major retailers such as Sephora, Macy's, Dillard's, ULTA, and Belk.

Konarka Technologies

Series F in 2007
Konarka Technologies, Inc. develops and advances nano-enabled polymer photovoltaic materials for commercial, industrial, government, and consumer applications. It provides standard products to serve portable power needs; and custom solutions, such as roll up chargers, personal accessories, and fold up chargers. The company's products are used in outdoor, portable power, indoor and remote sensing, and mission critical applications. It has strategic partnerships with Air Products, 24 Innovations, Kurz, SkyShades, Chevron, Merck, Toppan Forms, Dupont, Siemens, and the U.S. Air Force. Konarka Technologies, Inc. was founded in 2001 and is headquartered in Lowell, Massachusetts with business development offices in Asia. It has a research and development facility in Austria. The company has operations in the United States, Europe, and Asia.

Rontal Applications

Series B in 2007
Rontal Applications Ltd. develops and delivers physical security information management solutions to government, civilian, and business environments. The company offers SimGuard, an incident management system that enables organizations to safeguard individuals, assets, and systems. Its products include SimGuard 3000, a planning and training system that enables customers to perform various planning and training functions from a stand-alone system; SimGuard 4000, a single-site incident management system for ensuring safety, security, and operational continuity during routine and emergency situations; and SimGuard 6000, a incident management system for controlling multiple sites. The company also provides professional and training services. It offers its solutions to electric power plants, nuclear, oil and gas, and water utilities; safe cities; airports, seaports, and train stations; municipality offices, international borders, embassies, and critical assets; stadiums and sports arenas; and retail, financial institutions, and business centers. The company was founded in 2003 and is based in Modi'in, Israel with regional offices in the United States and the United Kingdom.

Jenzabar

Private Equity Round in 2000
Jenzabar is a company that specializes in providing software, strategies, and services aimed at the administration of higher education institutions. Its offerings include enterprise resource planning (ERP) solutions, student information systems (SIS), learning management systems (LMS), customer relationship management (CRM) solutions, and analytics. Additionally, Jenzabar delivers strategic consulting, managed services, cloud solutions, professional implementation services, and client training and support. The company caters to a diverse range of clients, including four-year private and public schools, two-year institutions, specialized schools, online institutions, and various educational associations and organizations. Founded in 1998, Jenzabar is headquartered in Boston, Massachusetts.