NEW YORK – Waller-Sutton Management Group Inc. invests in early- to growth-stage media, communications and entertainment companies throughout the United States.
The firm was launched in 1997 by Cathy Brienza and William Ingram, founders of the investment management firm Sutton Capital, and Andrew Armstrong, president of the investment bank Waller Capital. Both Waller and the now defunct Sutton specialized in cable and wireless investments.
All three founders combined their operating experience and extensive contacts in the communication industry to form Waller-Sutton, which is led by principal and Chief Executive Officer Bruce Hernandez, former chief financial officer of Horizon Cellular Group.
Waller-Sutton Media Partners L.P. held a $104 million final close in December 1998. The vehicle, which is 53% committed, invests $2 million to $11 million per round in early-stage Internet, television, cable, networking, publishing and radio companies.
Limited partners consist of industry executives from Cablevision Industries, Comcast Corp. and Hearst Co., as well as financial institutions, foundations, funds-of-funds and high-net-worth individuals.
The firm’s principals include Messrs. Armstrong and Ingram, Ms. Brienza, Joseph Duggan, Joel Goldblatt, Richard Patterson, John Waller, John Woodruff and John Ubhaus.
Select Waller-Sutton portfolio companies follow:
Choice One Communications Inc. (Rochester, N.Y.) is a local exchange carrier that provide services to select businesses in the northeastern United States.
Morgan Stanley Dean Witter Venture Partners and Fleet Equity Partners are co-investors.
Healthway Communications (Austin, Texas) is a health-care communications company that produces videos for continuing medical education and pharmaceutical marketing and training.
Prime New Ventures and TD Capital are co-investors.
Lionheart Newspapers (Fort Worth, Texas) operates daily and weekly newspapers in midsize to large markets.
Weiss, Peck & Greer Venture Partners is a co-investor.
LiveWire Systems L.L.C. (White Plains, N.Y.) provides billing and customer services to the cellular phone and personal communication system industries.
The Blackstone Group, Thomas H. Lee Co. and Spectrum Equity Partners are co-investors.
Regent Communications Inc. (Covington, Ky.) acquires, operates and develops radio stations in small to midsize markets.
GE Equity and Weiss, Peck & Greer Venture Partners are co-investors.
SpectraSite Communications Inc. (Little Rock, Ark.) owns, operates and maintains wireless communication towers.
JH Whitney & Co. and Kitty Hawk Capital are co-investors.
TheStreet.com (New York) provides financial news, analysis, commentary and proprietary financial content via the Internet.
Chase Capital Partners, Flatiron Partners and Oak Investment Partners are co-investors.
USinternetworking Inc. (Annapolis, Md.) provides complex Web site management and delivers packaged software applications via the Internet.
Grotech Capital Group, JH Whitney & Co. and Venrock Associates are co-investors.
Waller-Sutton Management Group Inc. is located at One Rockefeller Plaza, Suite 3300, New York, N.Y. 10020, tel. (212) 218-4350, fax. (212) 218-4355.