Guardian Capital Partners has held a final close of Guardian Capital Partners Fund II, LP at its hard cap of $153.5 million in capital commitments. The new fund was oversubscribed and was raised in just 12 months. Guardian did not utilize a placement agent during the fundraise process.
Guardian Fund II is three times larger than Guardian’s $50 million debut fund which it raised in 2008 and 2009. Approximately 90% of the firm’s first fund limited partners re-committed for the new fund, as well as over a dozen new institutional and single family office investors, and many new individual high net worth investors.
“We are grateful to our new and returning limited partners for their strong support of Guardian Fund II. We look forward to the opportunity to put the fresh capital to work over the next few years and build a robust portfolio of companies and management teams,” said Managing Partner, Peter Haabestad, who managed the fundraising process for Guardian. “We are extremely pleased with the how the fundraising process played out.”
Guardian Capital Partners makes control investments in lower middle market private companies located primarily in the United States that have annual revenues between $20 million and $100 million and EBITDAs between $3 million and $9 million. Sectors of interest include consumer products, niche manufacturing and specialty business services. The firm is based in Wayne, PA, a suburb of Philadelphia (www.Guardiancp.com).
“Guardian has built a strong team of private equity investment professionals focused on superior deal execution, intelligent portfolio company governance and value-added support and leadership to our lower middle market companies and their management teams. Our strong Fund I performance without a doubt helped tremendously in our fundraising process,” said Scott Evans, Managing Partner
Gibson Dunn & Crutcher provided fund formation and tax counsel to Guardian and Ernst & Young provides audit and tax services.
2014 PEPD • Private Equity’s Leading News Magazine • 8-5-14
