DFW Closes Fund 4 Above Target
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DFW Closes Fund 4 Above Target

DFW NFDFW Capital Partners has held a final closing on DFW Capital Partners IV, LP with $162.5 million in capital commitments which exceeded the firm’s target of $150 million. Capital commitments were made by several new institutional investors, including domestic and European funds of funds, insurance companies, pension funds, wealth management groups and family offices.

“We are deeply grateful for the support of our existing fund investors, who increased their commitments to DFW IV significantly from the prior fund, and are excited to welcome many new limited partners as well,” said Keith Pennell, Managing Partner of DFW. “We are particularly fortunate to have closed the fund in a relatively quick fashion, and to have been oversubscribed – exceeding our original fundraising target of $150 million. We look forward to continuing to employ our disciplined investment strategy and building a strong portfolio of unique, service-oriented businesses.”

DFW Capital Partners invests in lower middle market companies. Sectors of interest include outsourced healthcare and business services, including clinical services, specialty distribution, automated dispensing and pharmacy technology. DFW is headquartered in Teaneck, NJ, and maintains an office in Chevy Chase, MD (www.dfwcapital.com).

To date, DFW’s fourth fund has invested in three companies: Information Innovators, a Springfield, VA based provider of enterprise technology and program management services to the government sector (www.iiinfo.com); Covenant Surgical Partners, a Nashville based operator of 19 gastroenterology and ophthalmology ambulatory surgical centers (www.covenantsurgicalpartners.com); and Sebela Pharmaceuticals, a specialty pharmaceutical company based in Alpharetta, GA (www.sebelapharma.com).

The Private Equity Services Group of Griffin Financial Group acted as the exclusive financial advisor and placement agent for DFW Capital Partners. Paul Delaney, Senior Managing Director, and W. Mitchell Fenimore, Senior Vice President, led the placement team for Griffin. The Private Equity Services Group advises private equity fund managers and institutional limited partners in the areas of fund placement, secondary advisory and co-investment financing (www.griffinfingroup.com).

© 2014 PEPD • Private Equity’s Leading News Magazine • 1-6-14

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