Transom Capital Group has held a first and final closing of Transom Capital Fund III LP with $300 million of capital commitments.
The new fund reached its hard-cap in just two months of fundraising and was oversubscribed from its initial $250 million target and $300 million hard-cap. Transom’s earlier fund closed in June 2016 with $133 million of capital commitments.
“Fund III will be a continuation of the partnership-driven, operationally focused approach that led to Transom’s historical success. We will continue to focus on the middle market and make investments in similar situations where our team plays a hands-on role in identifying and executing business transformations,” said Russ Roenick, Managing Partner.
Transom invests in buyouts and turnarounds of companies with EBITDAs from $0 (turnaround situations) to $20 million. Sectors of interest include consumer products, media & entertainment, and industrial. Transom is headquartered in Los Angeles with an additional office in Seattle (www.transomcapital.com).
“We are very grateful for the support from our new and existing global institutional investors who have demonstrated incredible confidence in the value creation capabilities of our firm,” added Ken Firtel, Managing Partner.
Don Melamed of Los Angeles-based law firm O’Melveny & Myers (www.omm.com) provided legal services to Transom on this fundraise.
© 2018 Private Equity Professional | January 9, 2018