For 35 years we have been privileged to invest behind inspiring businesses with talented management teams to help them grow. 2022 marked another exciting year. We invested in three new platform companies – one in each of our focus sectors. We also completed three add-on acquisitions and one transformative merger. We elevated and attracted exceptional talent, leveraged our strategic/operating executive network in new ways, and built upon the strength of our expertise and reputation in core target sectors.

We are proud of the difference we are making, not only within our portfolio, but also through the efforts of our ESG and DEI programs. We believe ESG considerations are crucial for ensuring ethical and responsible investment practices, as well as enhancing performance and reducing risk. Further, as part of our culture of integrity, transparency, and respect, we believe that elevating diverse perspectives will lead to better outcomes for both our investors and the communities in which we operate.

The current uncertain macroeconomic environment is challenging to navigate, but also offers new pathways for interesting, creative investments where Vestar’s value-add is a differentiator. In the face of rising interest rates, geopolitical volatility, and challenging labor and supply chain dynamics, we remain committed to our long-standing, time-tested investment strategy and philosophy. We enter the year ahead with an appropriate degree of prudence, but emboldened by the strength and passion of our organization and management team partners. On behalf of everyone at Vestar, we thank you for your continued trust and support.

Your Partners at Vestar

New Platform Investments

In 2022, we added three new investments to our portfolio across our three focus sectors. All three investments are the product of our thematically-driven go-to-market strategy, reflecting unique sourcing, partnership, and value creation angles.

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Portfolio Activity

Beyond our new investments, we partnered closely with our existing portfolio company management teams to drive significant growth, both organically and through acquisition. We completed three strategic acquisitions, one transformative merger, and returned $1.35 billion of cash to our investors. We welcomed new management leaders, and promoted growth, innovation, and optimization initiatives. We will continue our efforts to support and accelerate the potential of our portfolio investments.


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Mercury Healthcare logo
Logo for Presence Marketing.

Active Funds

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Fully liquidated VCP IV and VCP V

CEO Spotlight Interviews

Steve Levin, Quest CEO, discusses his journey and the Vestar partnership

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Tom Anderson, 360training CEO, looks forward to the growth opportunity ahead

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The Vestar Family

In 2022, we elevated Norm Alpert and Nikhil Bhat as Co-Heads of Investments. Going forward, they will continue to play an integral role in Vestar’s success, and we look forward to all they will accomplish in the years ahead.

We are also pleased to share three new additions to the Vestar team. Please join us in welcoming them!

Our Commitment to ESG & DEI

At Vestar, we are committed to being best-in-class in our ESG & DEI programs. We proudly uphold our ESG pledge to promote DEI principles with transparency and accountability at the firmwide and portfolio level.

Vestar Charitable Foundation

Seeded by the firm, our Foundation seeks to sponsor impactful causes and match employee charitable contributions. This year, we are excited to support these new organizations:

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Diverse Recruiting Initiatives

We partner with Seizing Every Opportunity (“SEO”) Scholars and Management Leadership for Tomorrow (“MLT”) to provide career opportunities for students from underserved backgrounds.


Our third Annual SuitUp event was hosted at our offices in New York with our portfolio company, Dr. Praeger’s. Joined by CEO Andy Reichgut and Board Member Larry Praeger, our volunteers coached students through their business competition to create a new lunch product for the Dr. Praeger’s brand. It was a yummy success!

— Ken O’Keefe, Kimberly Lu, and Alyssa Stropoli