Kainos Capital has closed Kainos Capital Partners II, LP with total equity commitments of $895 million. The new fund was oversubscribed and closed at its hard cap. The firm’s earlier fund closed in 2013 with $475 million of committed capital.
“We are very proud of the enthusiastic response to our second fund and the confidence placed in us by our limited partners,” said Andrew Rosen, Managing Partner of Kainos Capital. “This new fund will enable us to broaden the size of transactions that we pursue and give us even more resources to drive growth and profitability in companies through organizational development, customer and channel expansion, new product innovation, effective marketing programs, and operational improvement.”
Kainos Capital invests from $50 million to $150 million of equity in manufacturers and marketers of food products, as well as other consumer products in the household and personal care industries, and over-the-counter health and nutritional products sectors. The firm was founded in January 2012 and is based in Dallas (www.kainoscapital.com).
“We are extremely fortunate to have tremendous continuity in our investor base with overwhelming support from our Fund I investors,” said Sarah Bradley, a Partner of Kainos Capital. “Fund II has also selectively added some of the world’s largest pension plans, financial institutions, endowments, foundations, and family offices to what was already a distinguished group of investors.”
The Kainos team has extensive investment and operating experience in the food and consumer industry, having invested more than $2 billion of equity in more than 55 transactions with a total transaction value in excess of $8 billion.
Lazard (www.lazard.com) served as the placement agent for Fund II and Weil, Gotshal & Manges (www.weil.com) and Sidley Austin (www.sidley.com) served as legal counsel.
© 2016 Private Equity Professional • 11-3-16