General Info:
Capstone Capital, LLC was founded in 2003 by Randall A. Hack to invest in private companies, with a special focus on the telecommunications and health care industries. Capstone invests both for its own account and in partnership with Berkshire Partners, a Boston-based private equity firm which has raised through its six investment funds approximately $3.5 billion.Mr. Hack began his career in 1972 with Corporate Property Investors, a private REIT which invested in commercial real estate throughout the U.S. In 1979 he founded RH Development Company to acquire and develop properties in Connecticut and New Jersey. RH Development's principal activity was the development of a major industrial and office park at Exit 8A of the New Jersey Turnpike. Mr. Hack sold his interest in RH Development in 1988, and it operates in New Jersey today as Matrix Development Company.From 1990 through 1994 Mr. Hack served as the President of Princeton University Investment Company, which oversees the management of Princeton University's endowment, currently valued at over $9 billion. In that role Mr. Hack headed a team of professionals who devised and implemented a series of global investment initiatives in such areas as domestic and international equities, hedge funds, real estate, oil and gas holdings, and other private market assets classes such as leveraged buyouts and venture capital.In 1995 Mr. Hack founded Nassau Capital, LLC, a private investment firm which he served as Senior Managing Director. For the past nine years, Nassau Capital has invested in privately held companies and assets solely on behalf of Princeton University's endowment and Nassau's principals. During this time, Nassau invested in over one hundred specialized limited partnerships domestically and internationally in such areas as venture capital, LBOs, real estate, timber and energy assets. The market value of Nassau's aggregate positions in these investment funds exceeded $2 billion at the peak of this investment program. During this same period, Nassau also invested over $500 million directly in three dozen private companies and assets in these same specialized asset classes.Mr. Hack's more recent investment activities center on Capstone Capital and Berkshire Partners. He was appointed the first Advisory Director of Berkshire in 2002. In that capacity he assists Berkshire in identifying and assessing private companies seeking to raise capital, invests in those opportunities through Capstone Capital, and serves on the boards of selected Berkshire/Capstone portfolio companies.Mr. Hack is a 1969 summa cum laude and Phi Beta Kappa graduate of Princeton University. In 1972 he received his MBA from Harvard University 's Graduate School of Business Administration. He currently serves on the boards of directors of Crown Castle International NYSE: CCI , NYSE: ARC , OPEX, Inc, an oil and gas concern in Houston. Mr. Hack serves on several non-profit boards, including Deerfield Academy and The Quebec Labrador Foundation.