“We were very pleased with the response of the limited partner community towards Wingate V. We are grateful for the continuing support of many of our longest tenured Limited Partners, some of whom have been our partners for over 25 years,” said Jim Johnson, the Fund’s Managing Partner. “We also added multiple new Limited Partners who understand and appreciate our investment approach and have potential to grow with Wingate over time,” added Mr. Johnson.
Wingate V will employ the same investment strategy it has followed in it four prior funds and will be managed by the same core group of investment professionals who have worked at Wingate an average of 15 years.
Wingate Partners makes control equity investments in manufacturing, distribution and service businesses, typically with revenues between $50 million and $250 million. Since founding in 1987, Wingate has managed five funds with total capital of approximately $755 million. The firm is based in Dallas (www.wingatepartners.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 8-6-13