Blackstreet [SEP] inception
Blackstreet
Blackstreet (often stylized as BLACKstreet), is an American R&B group founded in 1991 by record producers Chauncey "Black" Hannibal, and Teddy "Street" Riley.
Formation.
After the breakup of Guy, Riley came up with the idea to start a new group featuring himself. Originally, the group was to be named Stonestreet, but it was later decided to combine Stonestreet with Chauncey's nickname "Black". The group became Blackstreet Featuring Teddy Riley, with an original lineup of Riley, Chauncey
lawyer, promptly joined Blackstreet’s board of advisers, providing the gravitas to attract investors.
Blackstreet invests in distressed companies, aiming to prevent the company’s bankruptcy and benefit investors. Blackstreet funds niche manufacturers, internet and specialty retailers, distributors, restaurants, and healthcare service and device providers, among other industries.
Since its inception, Blackstreet has invested in more than 30 companies. They focus on companies with less than $150 million in annual revenue. Deals have included the acquisition of AlphaGraphics, Jackson & Perkins,