Pine Street Capital Management is pleased to announce its first investment out of Pine Street Capital Partners III, LP (PSCP III), which was launched in Q4 2016. Nelson Worldwide ("NELSON"), based in Philadelphia, PA, is a leading integrated design and consulting organization with a diverse product offering catering to a wide range of end markets. NELSON offers global design, architecture, engineering, branding, space planning and space management services primarily in the commercial real estate sector. PSCP co-invested in this transaction with NewSpring Mezzanine Capital, Salem Investment Partners, and a subsidiary of Kemper Corporation (NYSE: KMPR). The investor group is partnering with management to support Nelson's growth.

Additionally, a second closing was held on PSCP III in March. PSCP III is now at its initial targeted capital amount. A final closing is expected later this year.