Former BlackRock PE Managers’ Prysm Capital Reaps $305M for Maiden Fund

Growth equity firm, Prysm Capital has closed its first fund – Prysm Capital Fund I -at $305 million. The firm makes growth equity investments in companies in the technology, consumer and healthcare sectors.

The Princeton, NJ-based firm was founded in 2019 by Jay Park, Muhammad Mian and Matt Roberts, who previously worked together at BlackRock for nearly a decade. With offices in New York, Princeton and San Francisco, the firm currently manages over $1 billion in assets.

“We are humbled by and incredibly grateful for the trust and support from our capital partners and are excited to continue collaborating with founders and management teams,” said Park.

Before joining BlackRock, Park was a principal investment officer at Merrill Lynch Global Private Equity, where he focused on investing in emerging markets. Meanwhile, Roberts was a part of the leveraged finance group at Bank of America Merrill Lynch, where he worked with middle-market companies to create structured credit facilities.

According to its website, Prysm has healthcare companies Cerebal, Everly Health and Medly in its portfolio.

Acalyx Advisors served as placement agent and Kirkland & Ellis served as legal counsel for Prysm.