DLJ Merchant Banking Partners

Founded in 1985 by the investment bank Donaldson, Lufkin & Jenrette (DLJ), DLJ Merchant Banking Partners (DLJMB) became a prominent player in the private equity industry, specializing in leveraged buyouts and growth capital. Following the acquisition of DLJ by Credit Suisse First Boston in 2000, the group operated as the primary private equity arm of Credit Suisse, managing a diverse array of investment vehicles including real estate, infrastructure, mezzanine debt, and fund of funds.

The firm experienced several significant leadership transitions and spinouts during its history. In 2004, co-head Larry Schloss departed to form Diamond Castle Holdings, followed in 2005 by Thompson Dean and Steven Webster, who established Avista Capital Partners. These transitions highlighted the firm's role as an incubator for Wall Street talent. During its peak years, DLJMB raised several multi-billion dollar funds, including a $5.3 billion fund in 2000.

In 2014, the firm was officially spun out from Credit Suisse to become an independent entity renamed aPriori Capital Partners. Throughout its operation, the firm maintained a high-profile portfolio with significant investments in industries ranging from retail and media to energy and healthcare. Notable holdings included Neiman Marcus, MGM, and Nuveen Investments.