CIVC has held a final closing of its fifth fund, CIVC Partners Fund V, LP, at the hard cap of $400 million in capital commitments.
Fund V, which had an target of $375 million, received commitments from existing and new investors including pension programs, university endowments, foundations, family offices, and financial institutions located across the US, Europe, and Asia.
Atlantic-Pacific Capital (www.apcap.com) was the placement agent for this fundraise. “Atlantic-Pacific provided expertise in bringing our story to the marketplace and navigating the capital raising process. We are grateful for the support from our highly respected limited partners, and we continue to be focused on generating attractive returns to our investors,” said Chris Perry, a Partner at CIVC.
CIVC invests from $15 million to $85 million in middle market companies that have at least $5 million of EBITDA. Sectors of interest include business services and financial services. The firm is based in Chicago (www.civc.com).
“CIVC represents a combination of leadership, experience, and success not easily found in firms managing sub-$500 million funds,” said John Chase, a Partner at Atlantic-Pacific Capital. “Over the past two decades, the firm has developed a sub-sector immersion strategy to create and maintain critical competitive advantages in sourcing and driving growth in lower middle market companies – and the results are compelling. CIVC has completed 60 platform investments and 51 realizations, with more than 90% of realized returns attributed to growth in profitability. Atlantic-Pacific congratulates the entire CIVC team on exceeding Fund V’s target and wishes the firm and its investors continued success.”
© 2017 Private Equity Professional | May 23, 2017
