Closing Corner

GHK Capital Partners closes second fund oversubscribed at $870M

• Fund II
• Private Equity

“We are pleased to announce the closing of GHK Fund II with total capital commitments of $870 million. Fund II was substantially oversubscribed, surpassing its target of $650 million and original hard cap of $800 million. We are grateful for the support and trust of our limited partners. This successful fundraise marks an important milestone for GHK and validates our differentiated investment strategy and the capabilities of the GHK team.” – Gilbert Klemann, Managing Partner

StoneTree Investment Partners Closed Fund I Oversubscribed at $155M

• Fund I
• Private Equity

StoneTree Investment Partners Fund I, LP closed at its hard cap in just over two months and was more than 2x oversubscribed.  StoneTree partnered with Pacenote Capital as its exclusive placement agent. Joel Stanwood and Chris Dupré, Partners, said, “[T]he StoneTree team is deeply grateful to McGuireWoods for its multi-year partnership and for supporting our firm’s journey from initial startup to established independent sponsor to emerging manager.  In particular, we would like to thank Jon Finger, Ryan Mitchell, and Chelsie Kidd for helping us get off the ground and for being our steady advisors, and to also thank Rick Starling, Abdul-Rahman Lediju, and Jake Mitchell for their excellent counsel and guidance on our first fundraise.  We are also appreciative of the broader team at McGuireWoods that has made the firm the go-to for emerging managers, across deals, conferences, connections, and capital raises.”

Paceline Equity Partners Closes Fund II Oversubscribed at $780M

• Credit
• Fund II
• Private Equity

“We are grateful for the confidence and support from both our new and existing investors as we continue to identify and execute on a strong pipeline of opportunities in a market environment which is particularly well suited for our team.

The successful closing of our second fund, well in excess of our target in a highly challenging fundraising environment, is a true testament to Paceline’s experienced investment team and our differentiated investment approach.” – Sam Loughlin, Chief Executive Officer and Founding Partner

Lone View Capital Raises $850 Million for Inaugural Investment Fund

• Fund I
• Private Equity

“We believe there were three critical factors that allowed us to successfully raise $850 million for our inaugural fund: a team with decades of shared investing experience, our consistency in investment approach and strategy, and our unique, differentiated, and integrated operator-investor model. This combination of team, strategy, and model resonated deeply with a diverse and global base of Limited Partners who were excited to partner with us to foster the next generation of market-leading software, information services, and technology-enabled platform businesses.” – Rishi Chandna, Managing Partner

Compass Group Equity Partners closes fund oversubscribed at more than $400M

• Fund III
• Private Equity

“Raising two oversubscribed funds in two years can only be done after persistent hard work and dedication from the team that delivers on our strategy of thematic research, proprietary deal sourcing, partnering in value creation, and ultimately successful outcomes.  The support from our limited partners validates our investment strategy, our people, and the strength of our portfolio. We are honored to have the support both new and existing investor enabling us to continue our mission to grow great companies.” – John Huhn, Founder and Managing Partner

Clearhaven Partners Raises $580 Million Fund II

• Fund II
• Private Equity

“Our mission has been clear and consistent since day one – to invest exclusively in growing software businesses who seek an operationally oriented partnership with our team, and to do so while maintaining an uncompromising set of shared values. This mission carries directly into Fund II.” – Michelle Noon, Founder and Managing Partner

Saothair Capital Partners Closes Inaugural Fund at $125 Million

• Fund I
• Private Equity

“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

Astira Capital Closes First Fund at $675 Million

• Fund I
• Private Equity

“We have built a diverse team of experienced investors and operators with a shared vision and values, and we look forward to partnering with like-minded companies and management teams.” – Azra Kanji, Founder & Partner

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

• Fund I
• Private Equity

“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

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

• Fund I
• Private Equity

“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

Granite Creek closes Fund III at $300M

• Credit
• Fund III

“We are grateful for the support we have received from our investors, many of whom have supported us since our founding in 2005. The robust investor interest in FlexCap III is a tribute to the important role that our firm plays in supporting the growth of the small businesses that fuel the American economy.  Our team’s operational and financial guidance is highly valued by the companies in which we invest and is the key ingredient to the strong absolute and risk-adjusted returns that we seek. With the close of Fund III, our team is well prepared to execute on our healthy pipeline of opportunities.”

“Granite Creek’s focus on growth investing creates opportunities, as more businesses who might sell outright in a buoyant market are instead now choosing to take on a minority partner.  We are a good fit for this market and for talented entrepreneurs that are interested in capital, because we give them the freedom to run their business, and help them achieve major success.” – Mark Radzik, Co-Founder and Managing Partner

BluePeak Capital closed inaugural private credit fund at $156M

• Credit
• Fund I

“It’s a remarkable achievement for a firm that was launched less than 3 years ago. As we celebrate the final closing of the fund, our team remains unwavering in our mission to build partnerships that deliver attractive returns by supporting impactful growth across Africa.” – Walid Cherif, Co-founder & Managing Partner

Bansk Group closes Fund I at $800M

• Fund I
• Private Equity

“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

FVLCRUM Fund LP closes on over $302M

• Fund I
• Private Equity

“The market reaction to FVLCRUM demonstrates that aligning impact and alpha can drive compelling results.” – Chijioke Asomugha, Partner

Eagle Merchant Partners I, LP closes at $265M

• Fund I
• Private Equity

“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

Growtheum Capital Partners SEA Fund I closes at $567 million

• Fund I
• Private Equity

“The basic decision factors were Proprietary Deal generation, strong execution and solid track record for the Growtheum team. These were the common determining factors for our LPs to participate in the fund.” – Amit Kunal, Managing Partner