Private Equity

Saothair Capital Partners Closes Inaugural Fund at $125 Million

Updated: March 5, 2024

“We launched fundraising on our inaugural fund in late May 2023 only after testing the waters with potential anchors. When the response was favorable, we transitioned quickly into a full fundraising process, but one that was focused on the right type of partners for long-term success in building our franchise. Momentum built quickly, we exceeded our initial target within 3 months, and we closed at our hard cap within 5 months of launch.

I attribute the success of our fundraise to (a) having a truly differentiated strategy as a deep value / special situations buyer, focused exclusively on manufacturing where our team has decades of experience, (b) a long-term relationship between the founding partners, bringing complementary expertise in dealmaking and operations, and (c) outstanding partners in our placement agent Pacenote and legal counsel McGuireWoods, each of whom demonstrated their commitment to working with us and helped attract premier institutional investors.” – Kevin Madden, Co-Founder

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Forward Consumer Partners closes first fund at $425M hard cap

Updated: January 26, 2024

“Launched in June 2023 and closed in December 2023, Forward Consumer Partners’ Fund I exceeded its target and closed at its $425 million hard cap, with support from a diverse base of respected global investors. Forward held a single close for Fund I and did not use a placement agent. The firm’s mission is to invest in powerful brands that make beloved products.” – Matt Leeds, Founder & Managing Partner

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Shore Capital Partners closes first industrial fund oversubscribed at more than $150M

Updated: December 20, 2023

“We appreciate the continued support from our existing and select new limited partners. Our fifth Healthcare and first Industrials fund were oversubscribed during a challenging economic backdrop, demonstrating investors’ trust in the performance and portability of Shore’s microcap strategy for growing small and medium sized businesses. Closing Industrials Fund I expands our focus on niches poised for growth to five industries: healthcare, industrials, food & beverage, business services, and real estate.”

“Shore will continue partnering with great entrepreneurs to grow faster with less risk, through access to capital, world-class board and operational resources, and unmatched networking, development, and shared learnings across the portfolio. With these new funds, we look forward to growing the Shore family beyond the 35,000+ team members, operating partners, and founders we’re partnered with today.” – Justin Ishbia, Co-Founder and Managing Partner

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Bansk Group closes Fund I at $800M

Updated: September 25, 2023

“We are thrilled to have closed our first fund at $800M in this challenging market. Our focus on the most recession-resistant corners of the consumer sector, in combination with our team’s operating and investing skills, really resonated with investors.  Additionally, we were able to complete some transactions throughout our fundraising, which was very helpful in our process.” – Brian O’Connor

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Eagle Merchant Partners I, LP closes at $265M

Updated: September 21, 2023

“We believe our strategy of focusing on being the first institutional investor in founder-owned companies in the Southeast, combined with our pre-fund track record resonated with LPs.  It was helpful to our efforts to have an early anchor investor that enabled us to build the portfolio as we were meeting with new investors… In addition, we were able to continue building our team throughout the process adding five new professionals across portfolio support, sourcing, and deal execution.” – Stockton Croft, Co-Founding Member & Partner

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