Capital Partners Hits Hard Cap

Capital Partners has held a final closing of its third fund, Capital Partners Private Equity Income Fund III LP, at its hard cap with $600 million in capital commitments.

Fund III raised capital from a cross-section of limited partners, including insurance companies, public and private pension funds, endowments, foundations and high net worth individuals.

“We are very pleased with the strong support from both our existing and new investors for Fund III,” said Rob Tucker, a Managing Partner of the firm. “We are quite fortunate to have such a distinguished group of investment partners.”

The firm’s earlier fund, Capital Partners Private Equity Income Fund II LP, closed in January 2014 with total committed capital of $360 million.

Capital Partners makes control investments in small and mid-sized family and management-owned companies that have revenues from $20 million to $250 million and EBITDA of $4 million to $25 million. Sectors of interest include manufacturing, value-added distribution, specialty consumer and business services. Capital Partners was founded in 1982 and is headquartered in Norwalk, CT (www.capitalpartners.com).

Capital Partners used Lazard as its placement agent in the raising of Fund III.

© 2017 Private Equity Professional | December 11, 2017

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