Tailwind Capital has held a final closing of Tailwind Capital Partners II, LP with $1.05 billion of committed capital. This exceeds the fund’s $750 million target. Tailwind’s first fund was raised in 2009 with $775 million of capital.
Fund II received commitments from existing and new investors, including pension funds, insurance companies, endowments and foundations, family offices and
high net worth individuals. “We greatly appreciate the loyalty and continued support of our existing investors and are pleased to welcome many new limited partners to the firm. We believe the successful completion of Fund II is an important milestone for Tailwind, validating our track record, investment strategy and the strength of our team,” said Larry Sorrel, Managing Partner.
As with the firm’s first fund, Fund II will make investments of $25 million to $100 million in lower middle market companies with enterprise values of up to $300 million that are active in the healthcare, business and communications services sectors. “We believe that there are attractive opportunities in these sectors, and are squarely focused on delivering superior returns to our investors,” said Mr. Sorrel.
Since its founding in 2003, Tailwind has invested over $1 billion in 27 portfolio companies and has completed over 65 add-on acquisitions. The firm has 27 investment professionals and senior operating executives and is based in New York (www.tailwind.com).
MVision Private Equity Advisers (www.mvision.com) was Tailwind’s placement agent on this fundraise.
© 2015 PEPD • Private Equity’s Leading News Magazine • 7-6-15
