KarpReilly, a consumer-focused lower middle market private equity firm, has completed an initial close of its second fund, KarpReilly Capital Partners II, L.P. with $180 million of capital commitments. “We are grateful for the incredible support we have received from our limited partners, many of whom we have been working with since the mid 1980’s,” said Allan Karp, Partner and Co-Founder. All of the capital commitments for KarpReilly Capital Partners II are from investors that participated in the firm’s first fund which was raised in 2008 and also had capital commitments of $180 million.
In conjunction with the initial closing of this second fund, KarpReilly also closed the KarpReilly Co-Investment Fund II, L.P., with $120 million of additional capital. The capital for the co-investment fund was provided by KarpReilly’s limited partners.
Allan Karp and Chris Reilly founded KarpReilly in 2007 to invest in consumer growth companies at the lower end of the middle market and to provide not just capital and financial expertise, but strategic board level advice and stewardship to help portfolio companies execute on their long term growth plans.
“It is an exciting time for KarpReilly and our investors. We have built a leadership position as a value added capital investor to high growth consumer companies. Fund II will allow us to continue to execute this investment strategy and to have the opportunity to create significant value for our investors,” said Chris Reilly, Partner and Co-Founder.
KarpReilly makes minority or majority investments in consumer growth companies through a variety of transaction types including growth equity, management buyouts, acquisition financings and recapitalizations. The firm’s investment size is from $10 million to $75 million of equity capital. Industries of interest include building products; business services; consumer brands; health care services; retail; and restaurants (www.karpreilly.com).