The CapStreet Group Closes Fourth Fund at $340 Million

The CapStreet Group has held a final closing of CapStreet IV, LP (CapStreet IV) at $340 million.  CapStreet did not engage an intermediary to assist in the fundraising process.

CapStreet launched fundraising for CapStreet IV on November 5, 2013, with the opening of an electronic data room, held a first close in December 2013 with commitments of $249.5 million and a second close in February 2014. On May 6, 2014, CapStreet IV held a final close with total commitments of $340 million, significantly above its $250 million initial target.

“We are extremely grateful for the tremendous support from both existing and new investors in successfully raising CapStreet IV,” said George Kelly, CapStreet founder and CEO.

Similar to the strategy of the firm’s previous fund, CapStreet III, LP, CapStreet IV will continue to make control investments in privately held, lower middle market companies headquartered in Texas and surrounding states. CapStreet targets industrial and diversified business service companies, with annual EBITDA between $5 million and $20 million.  Since the firm’s founding in 1990, CapStreet has invested in 35 platform companies.  CapStreet is headquartered in Houston (www.capstreet.com).

2014 PEPD • Private Equity’s Leading News Magazine • 5-29-14