DC Capital Hits Hard Cap
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DC Capital Hits Hard Cap

DC Capital Partners has held a final close of its first institutionally-backed private equity fund, DC Capital Partners Fund II, LP at the hard cap of $450 million.

The new fund targets equity investments of $25 million to $75 million in aggregate per platform and has equity co-investment capacity from both its general partner and limited partners to pursue larger investments.

DC Capital makes control investments in middle market, US-based companies that are active in the following government related sectors: intelligence, information technology, security, operations and maintenance, and engineering and construction. The firm was founded by its Managing Partner Thomas Campbell and is headquartered in Alexandria, VA (www.dccapitalpartners.com).

Since DC Capital’s founding in 2007, the partners of the firm have invested over $200 million of their own personal capital across multiple platforms in its targeted sectors. The new fund was established to leverage the general partner’s equity capital alongside limited partner capital to build a broader portfolio of differentiated, strategic businesses within the targeted sectors.

Fund II already has two portfolio companies: Owl Computing Technologies (acquired in February 2017) designs, develops, manufactures, and implements cybersecurity systems.  Owl was founded in 1998 and is headquartered in Ridgefield, CT (www.owlcti.com); and QRC Technologies (acquired in May 2016) designs, develops, and services hardware and software products including communications surveillance systems and data analytic tools for government, military, and law enforcement customers. QRC was founded in 1987 and is headquartered in Fredericksburg, VA (www.qrctech.com). Both of these portfolio companies are held under DC Capital’s umbrella holding company Acuity Technologies.

Champlain Advisors (www.champlainadvisors.com) was the placement agent for this fundraise and Arnold & Porter Kaye Scholer (www.apks.com) served as fund formation counsel.

© 2017 Private Equity Professional | May 26, 2017

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