Thompson Street Hits Hard Cap

Thompson Street Capital Partners has held a final closing of its fifth fund, Thompson Street Capital Partners V LP (TSCP V), at the hard cap of $1.15 billion. The new fund was oversubscribed and exceeded its original $850 million target.

Limited partner commitments to TSCP V came from new and existing investors comprised of corporate and foreign pension funds, endowments, foundations and family offices. “We are very pleased and honored to have received such a strong level of support for TSCP V from our existing and new investors,” said Jim Cooper, Founder and Managing Partner of Thompson Street Capital Partners. “The demand for this fund is a testament to the dedication of our team, our differentiated strategy and approach, and our investors’ confidence in our consistent performance of delivering attractive returns. We will continue to build upon our long and proven track record of being good partners – maintaining companies’ hard-earned reputations while providing the right environment and resources for accelerated growth.”

Thompson Street Capital Partners invests from$25 million to $150 million in companies with EBITDA between $5 million and $20 million. Sectors of interest include healthcare and life science services, software and technology services, business services, and engineered products. Since its founding in 2000, Thompson Street has acquired more than 100 companies. The firm’s earlier fund, Thompson Street Capital Partners IV LP, closed with $640 million of capital commitments in December 2015. Thompson Street is headquartered in St. Louis (www.tscp.com).

Park Hill Group (www.parkhillgroup.com) was the placement agent for this fundraise and Kirkland & Ellis (www.kirkland.com) provided legal services.

© 2018 Private Equity Professional | July 16, 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...