Southfield Hits Hard Cap
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Southfield Hits Hard Cap

Southfield Capital has held a final close of Southfield Capital II, LP with approximately $200 million in capital commitments. The close was at the fund’s hard cap and exceeded its original target of $175 million.

Fund II received commitments from a range of institutional investors including US, European and Middle Eastern family offices, fund of funds, insurance companies, public pensions and a private bank. “We are grateful for the confidence and support our highly respected investors and look forward to continuing our efforts on their behalf in the lower middle market,” said Managing Partner Andy Levison.

Southfield Capital makes control investments in companies that have revenues of $20 million to $100 million and EBITDA of $4 million to $12 million. Sectors of interest include outsourced business services, specialty finance, and value added distribution. Southfield Capital was founded in 2005 as the successor company to the private investment firm Levison & Company and is headquartered in Greenwich, CT (www.southfieldcapital.com).

New York-based Stonington Capital Advisors, which focuses on the sub $1 billion fundraising market, was the exclusive global placement agent for Southfield’s fundraise. “We are elated at the success of this fundraise and believe the demand from such a blue chip list of investors speaks to the pedigree and track record of the Southfield team,” said Justin Garrod, a Managing Partner of Stonington (www.stoningtoncapital.com).

“We believe Southfield’s success also evidences a continuing shift of institutional investors seeking higher returns by investing in the lower middle market where valuations have remained more stable and growth opportunities are more abundant,” said Dana Pawlicki, a Managing Partner of Stonington.

Proskauer Rose (www.proskauer.com) was Southfield’s legal counsel for this fundraise.

© 2017 Private Equity Professional | August 2, 2017

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