Ira Perlmuter, the managing director of T5 Equity Partners, an investment group owned by the Canadian-based Ghermezian family, is setting up a lower middle market buyout firm with The Jay Schottenstein Family of Companies. The new firm is called JSPI Capital Partners.
Perlmuter says he will remain on the board of the Triple Five family-owned group in New York for at least a transitional period.
The Jay Schottenstein Family of Companies includes privately-owned and publicly traded retailers, real estate management and development firms, as well as companies focused on assisting operationally challenged, financially distressed and capital-constrained businesses.
Jay Schottenstein is the son of Jerome Schottenstein, a promient US entreprener who founded Schottenstein Stores Corp.