Flexpoint Ford has held the first and final close of Flexpoint Fund IV LP (Fund IV) at $1.5 billion and its companion fund Flexpoint Overage Fund IV LP (Overage Fund IV) at $500 million. Flexpoint Ford did not use a placement agent for this fund raise.
Flexpoint Ford invests from $50 million to $500 million of equity in companies operating in the healthcare and financial services sectors. Overage Fund IV will invest alongside Fund IV in transactions at higher points in its investment range. Flexpoint Ford’s experience includes investments in minority and majority structures in both private and public companies and in a range of transaction types, including buyouts, growth investments and turnarounds. The firm has not yet closed on any platform investments for the new funds.
Approximately 85% of the new funds’ commitments came from existing investors. “We are delighted with the success of the fundraising for Fund IV,” said Don Edwards, chief executive officer of Flexpoint Ford. “We are very fortunate to have the support of many of the leading limited partners in the investment community. We attribute this support to the outstanding investment returns of our prior funds and, importantly, the consistent execution of the Flexpoint strategy.”
Flexpoint Ford was founded in 2005 and is headquartered in Chicago with an additional office in New York (www.flexpointford.com).
Kirkland & Ellis provided legal services for this fundraise.
© 2019 Private Equity Professional | July 9, 2019