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Cortec Group

American private equity firm

Summary

American private equity firm

Field	Value
logo	[[File:Cortec Group logo.png	200px	Cortec Group logo]]
name	Cortec Group
type	Private company
foundation	1984
location	New York City, United States
industry	Private equity
products	Investments
assets	$7.7 billion
homepage	www.cortecgroup.com

Cortec Group is an American private equity firm founded in 1984 and based in New York City. The firm specializes in investing in middle-market companies, primarily focusing on healthcare, consumer products, value-added distribution, and specialty services sectors in the United States and Canada.

Investment strategy

Cortec targets middle-market, entrepreneur-owned companies, partnering with their management teams to enhance growth, profitability, and operational efficiency. Since its establishment, Cortec has raised eight institutional funds totaling over $7.7 billion in capital commitments.

Fundraising and performance

In 2019, Cortec Group successfully closed its seventh fund, Cortec Fund VII, raising $2.1 billion within two months of initiating fundraising.As of 2023, Cortec aimed to raise $2.5 billion for its eighth fund. According to third-party performance data, Cortec consistently ranks within the top quartile or decile among similar private equity funds.

A noteworthy success for Cortec was its investment in YETI Holdings, reportedly returning over 26 times invested capital to limited partners.

History

Cortec Group was founded in 1984 by Scott Schafler, Gerald Rosenberg, and Neal Kayes. Schafler was the son of Norman I. Schafler, the founder of Condec Corporation, originally Consolidated Diesel Electric Company, an industrial conglomerate founded in 1942.

Since 1999, the firm was co-led by Scott Schafler, David Schnadig, and Jeff Lipsitz. After raising Fund VII in 2019, Schafler transitioned to the role of Founding Partner, and the firm is currently led by Co-Presidents David Schnadig and Jeffrey Lipsitz.

In March 2025, Cortec was recognized as a top performer in the 2024 HEC Paris Dow Jones Private Equity Performance Ranking for the third consecutive year.

Assets

Cortec VII:
- Groundworks
- Enthusiast Auto Holdings
Cortec VI:
- Center for Vein Restoration
- Chauvet
- EVP EyeCare
- Groome Transportation
- Window Nation
- Aspen Medical Products
- Rotating Machinery Services
- Companion Pet Partners
- Lap of Love Veterinary Hospice
Cortec V:
- YETI
- Harmar
- Barcodes Inc.
- Canadian Hospital Specialties
- Weiman Products
- Vidaris
- Urnex
- Community Veterinary Partners

References

[https://cortecgroup.com Cortec Group Official Website]
[https://pitchbook.com/profiles/investor/10164-97 Cortec Group - Pitchbook]
[https://www.buyoutsinsider.com/cortec-group-seeks-2-5bnfor-flagship-fund Cortec Group seeks $2.5bn for flagship fund – Buyouts Insider]
[https://www.nytimes.com/1986/08/02/obituaries/norman-ira-schafler.html Norman Ira Schafler obituary – New York Times, August 2, 1986]

Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

private-equity-firms-of-the-united-states financial-services-companies-established-in-1984 companies-based-in-new-york-city

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