Beekman Hits Hard Cap After Six Months

The Beekman Group has held a final closing of Beekman Investment Partners IV LP at its $425 million hard cap. The new fund’s initial target was $375 million.

According to Beekman the new fund received significant demand from existing investors and strong interest from new investors. Limited partners in Fund IV include family offices, endowments and foundations, consultants, insurance companies and fund of funds, as well as high net worth individuals.

Beekman’s 25-person investment team is led by CEO & Managing Partner, John Troiano, a former partner at Onex Corporation; and Managing Directors, Andrew Marolda, Andrew Brown and Chris Artinian.

“We greatly appreciate the strong support of our existing and new limited partners and are very pleased by the investor interest that allowed for a close at our $425 million hard cap within six months of launch,” said Mr. Troiano. “Since our inception 14 years ago, Beekman has now raised over $825 million in total capital commitments while continuing to generate strong and consistent returns for our limited partners. We are excited to continue executing on our disciplined, core investment strategy and to continue partnering with exceptional limited partners and management teams.”

The Beekman Group makes control investments of $10 million to $75 million in companies that have revenues from $10 million to $200 million and enterprise values of $15 million to $200 million. Sectors of interest include consumer, healthcare, business and industrial services.

“Our investment team of over 25 people, including our seasoned operating executives, are excited to continue to provide expertise and resources to assist our portfolio companies in driving growth and building leading operations to accomplish our collective investment objectives,” said Mr. Marolda.

The Beekman Group was founded in 2004 and is based in New York (www.thebeekmangroup.com).

The Private Fund Group of Credit Suisse Securities (click HERE for the website) served as Beekman’s placement agent on this fundraise. Proskauer Rose (www.proskauer.com) provided legal services.

© 2018 Private Equity Professional | July 17, 2018

Print Friendly, PDF & Email

Related Articles

O2 Adds Associate O2 Investment Partners has hired Jimmy Frye as the firm’s newest Associate. Mr. Frye will be responsible for evaluating new transactions, due diligenc...
Littlejohn Bolsters Special Situations and PE Team... Littlejohn & Co. has strengthened its special situations and private equity investment teams with the hirings of Beth Pollack and Thomas Bennet, w...
Abacus Stays Busy with Westview Abacus Finance Group was the Administrative Agent and Lead Arranger for $25.5 million in senior secured credit facilities to support the recapitalizat...
Edison Closes Largest Fund Growth equity investor Edison Partners has closed its latest fund, Edison Partners IX LP, with $365 million of capital. The new fund was significantly...
LFM Quickly Raises Second Fund LFM Capital has closed its second fund, LFM Capital Partners II LP, with $184 million in capital commitments. The firm’s earlier fund closed in Octobe...
2018 Carried Interest and Compensation Survey This is the eleventh edition of the Carried Interest and Compensation Survey. This year we had 325 funds participate. The survey’s compensation data i...