DFW Capital Partners has held a first and final close of DFW Capital Partners V, LP with $360 million of committed capital. The oversubscribed and above target fund was raised in less than six months.
Investors in Fund V include several insurance companies, funds-of-funds, domestic and international family offices, endowments, and pension funds. “We are delighted to close our fifth investment partnership in relatively short order and welcome several new high quality institutional investors to our limited partner ranks,” said Keith Pennell, Managing Partner of DFW Capital.
DFW invests from $15 million to $50 million in lower middle-market service companies. Sectors of interest include healthcare and outsourced business and industrial support services. The firm is headquartered in Teaneck, NJ, and has an additional office in Chevy Chase, MD (www.dfwcapital.com).
Last week, DFW completed an investment in Superior Controls, a provider of systems integration and automation services to companies in the biotechnology industry. This investment was the seventh platform company for the firm’s fourth fund, DFW Capital Partners IV, LP, which closed in December 2013 with $162 million of commitments.
Griffin Financial Group (www.griffinfingroup.com) was once again the placement agent for DFW Capital. “We congratulate DFW on the closing of Fund V after less than six months in the market,” said Paul Delaney, a senior managing director of Griffin. “We were privileged to once again work with the firm’s outstanding team and their quick fundraise is a testament to their disciplined strategy and excellent performance results.”
© 2016 Private Equity Professional • Private Equity’s Leading News Magazine • 4-5-16