Windjammer Capital has held a final close of Windjammer Senior Equity Fund IV with capital commitments in excess of $726 million.
Fund IV’s committed capital, which exceeds the firm’s fundraising target and Fund III’s $574 million of committed capital, is provided by a group of institutional investors, including U.S. state and city pension plans, global private equity fund of funds, leading corporate pension programs and European government institutions.
“We appreciate the continuing strong support of our legacy investors who spoke for the majority of our Fund IV commitments and are also very pleased to introduce to our firm several new, well established institutional investors that represent important additional strategic partners going forward,” said Costa Littas, Managing Principal.
Windjammer Capital Investors makes control investments in middle market businesses with EBITDAs from $10 million to $40 million. Sectors of interest include advanced manufacturing, specialty distribution and business services. With a consistent focus on the middle market, the firm has completed investments in 49 platform companies over the past 22 years. Windjammer was founded in 1990 and is based in Newport Beach, CA and Waltham, MA (www.windjammercapital.com).
“Our disciplined strategy of picking high quality businesses and dedicating significant time and effort to enhance the operational and strategic strengths of each platform is a key source of our past success and will be the cornerstone of our strategy going forward,” said Bob Bartholomew, Managing Principal.
“We look forward to deploying Fund IV and partnering with a new group of unique and attractive middle market businesses and their management teams,” said Costa Littas, Managing Principal. “Windjammer’s investment objectives remain the same: identify great business platforms and work closely with management through our investment team and, where appropriate, our network of specialized consulting relations to optimize each company’s competitive position, value proposition for customers and financial performance.”
© 2013 PEPD • Private Equity’s Leading News Magazine • 3-13-13
