Three Cities Research

Overview

Three Cities Research is a private equity firm that has been investing in underperforming businesses across various industries since the 1970s. The firm focuses on companies that are substantially underperforming their potential, deploying dedicated resources to deeply understand the value proposition and competitive position of its portfolio companies. Three Cities Research works closely with management teams to develop and execute strategies aimed at improving performance and accelerating growth. The capital for its investments originally came from the Bemberg family and their affiliates. In the 1990s, the capital came from TCR Fund II and TCR Fund III. Today, the capital comes from principals of TCR. The firm's investment focus includes industrial manufacturing, distribution, apparel, publishing, services, and retail sectors. Three Cities Research seeks to invest between $20 million and $200 million in companies that are underperforming their potential. The firm does not invest in high technology, natural resources, or regulated industries, choosing instead to focus on companies that can benefit from its expertise in improving operational performance and accelerating growth. The firm's investment strategy involves taking a hands-on approach, working closely with management teams to develop and execute strategies that lead to improved performance and growth. This approach has been the cornerstone of Three Cities Research's success in transforming underperforming businesses into successful enterprises. The firm's track record includes investments in a wide variety of industries, demonstrating its ability to adapt its strategy to different sectors and business models. Three Cities Research's investment philosophy centers on identifying companies with untapped potential and working collaboratively with management to unlock that potential, leading to sustainable growth and value creation.