Blue Wolf Capital Partners has closed on $300 million in capital commitments for its latest fund, Blue Wolf Capital Fund III, LP. The Fund was oversubscribed and closed at its hard cap of $300 million. Fund III’s investors, which are primarily located in the United States and Europe, include foundations, endowments, fund of funds and public, corporate, and Taft-Hartley pension funds.
Blue Wolf invests in companies in which effective management of relationships with complex constituencies, such as government and labor, can change organizations and create value. The firm’s investment criteria are minimum revenues of $25 million; minimum transaction size of $20 million; and a minimum investment size of $10 million. Blue Wolf focuses its efforts on companies based in and doing the bulk of their business in the United States and Canada. With the closing of Fund III, Blue Wolf now manages over $460 million in capital. The firm is headquartered in New York (www.blue-wolf.com).
To date, Fund III has already made two investments. In May 2013, Blue Wolf acquired Twin Rivers Paper Company, a manufacturer of packaging, label and publishing products, based in Portland, ME (www.twinriverspaper.com), and in July 2013, Blue Wolf acquired Suwannee Lumber Company, a manufacturer of softwood lumber based in Cross City, FL (www.suwanneelumber.com).
“We are delighted with the global, high quality investor base which has joined us in Fund III. My partners, Michael Ranson and Charlie Miller, and I, along with our growing team, value their support,” said Adam Blumenthal, Managing Partner of Blue Wolf. “We are pleased with the first two portfolio companies Fund III has acquired, and we look forward to continuing to use our operational and financial resources to transform and revitalize companies and ensure their competitive future.”
Stanwich Advisors acted as the exclusive placement agent for Blue Wolf. Stanwich provides advisory and fundraising services to private equity partnerships globally. The Stanwich team has raised in excess of $17 billion for more than 40 funds from institutional investors based in North America, Europe, Asia, Australia, and the Middle East. The firm was founded in 2003 by Charles Daugherty, Managing Partner, and is based in Stamford, CT (www.stanwichadvisors.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 7-19-13