Wind Point Partners has held a final closing of its eighth fund, Wind Point Partners VIII, with $985 million of capital commitments. The fund exceeded its initial hard cap of $750 million and marks the largest fund closing in Wind Point’s history.
The strategy for Fund VIII is consistent with the firm’s earlier funds and will focus on partnering with experienced CEOs to acquire middle market companies that have revenues from $100 million to $500 million, EBITDAs of at least $8 million, and that are active in the consumer products, industrial products, and business services markets.
Fund VIII has already invested over $280 million and committed an additional $140 million of equity capital in six portfolio companies: Evans Food Group (April 2016), a maker of branded 
and private label pork rind snacks; St. George Logistics (September 2016), a provider of container freight station services for ocean cargo imported into the United States; Aurora 
Plastics (August 2016), a provider of custom compounding services of rigid polyvinyl chloride into powders, pellets, foams and alloys; Paragon Films (December 2016), a maker of stretch films used in storage and transit applications; Vee Pak (March 2017), a contract maker of beauty and personal care products; and Valicor (June 2017), a provider of non-hazardous wastewater treatment services.
Wind Point’s Executive Advisor Partners (EAP) will also continue to play an integral role in the firm’s investment activities. The EAPs are a network of seasoned and accomplished CEO-level executives who contribute insight and industry expertise throughout all aspects of Wind Point’s strategy. Additionally, EAPs invest alongside Wind Point at both the fund and portfolio company level.
Wind Point Partners was founded in 1984 and over its 33-year history has raised over $3 billion in capital and acquired more than 100 platform companies and 250 add-on acquisitions. The firm is headquartered in Chicago (www.wppartners.com).
Moelis & Company was the placement agent for this fundraise and Kirkland & Ellis served as legal counsel.
© 2017 Private Equity Professional | July 6, 2017
