Revelstoke Capital Partners has completed the fundraising for Revelstoke Capital Partners Fund I, LP and Revelstoke Capital Partners Co-Investment Fund I, LP. These two funds – the first institutional funds raised by the firm – collectively raised $303 million and were substantially oversubscribed and above target.
Investors in the new funds include insurance companies, endowments, funds of funds, pension plans, sovereign wealth funds and family offices. “We garnered significant support from our limited partner base and believe this is a result of our focus on, and deep experience in, middle market healthcare and business services industries coupled with our highly differentiated and value added approach to post investment strategic planning,” said Mark King, Co-Founder, Managing Partner and CEO of Revelstoke.
Revelstoke invests from $10 million to $250 million in companies that have at least $5 million of EBITDA. Sectors of interest include healthcare services and products; transportation and logistics; specialty distribution; energy and energy services; building products; business and outsourced services; marketing services; financial services; industrial services; and medical technology. Since founding in 2013, Revelstoke has raised more than $515 million in equity commitments. The firm is headquartered in Denver (www.revelstokecp.com).
“The close of these funds caps a highly productive year for Revelstoke during which we acquired three platform companies, completed five add-on acquisitions and successfully exited our first portfolio company,” said Simon Bachleda, Co-Founder and Managing Partner of Revelstoke. “Our seasoned investment team and stable of operating partners are actively evaluating numerous new investment opportunities while continuing to provide strategic guidance in growing our existing businesses organically and through add-on acquisitions.”
New York and London-based Beartooth Advisors (www.beartoothadvisors.com) was the lead fundraising advisor on certain limited partner relationships. Ropes & Gray (www.ropesgray.com) was the legal advisor to Revelstoke.
© 2015 PEPD • Private Equity’s Leading News Magazine • 11-3-15
