WILsquare Beats Fund II Target

WILsquare Capital has held a final close on WILsquare Capital Partners Fund II LP with total capital commitments of $190 million. The new fund exceeded its $150 million target and was oversubscribed. Fundraising took just three months.

“We are pleased with the quick response received from investors, which we believe is indicative of the quality investments and strategies deployed since we began WILsquare Capital,” said Managing Partner Bill Willhite. “Fund II received significant support from existing Fund I investors and includes a substantial number of new relationships. Our investor base is reflective of the broader market, including endowments, foundations, fund of funds, family offices and other institutional investors.”

WILsquare invests in businesses that located in the Midwest and South that have EBITDA of $3 million to $10 million. Sectors of interest include business services, technology infrastructure and services, value-added distribution, niche manufacturing, and internet and catalog-based enterprises.

“The ability to partner with such a distinguished list of investors is a testament to our team, culture and processes built at WILsquare Capital over the past three and half years,” said Partner Jamie Wilmsen. “This second fund will allow us to continue our efforts in becoming a premier lower-middle market investor and strategic advisor.”

WILsquare’s first fund, WILsquare Capital Partners Fund I LP, closed in January 2017. The St. Louis-based firm was co-founded in 2015 by Mr. Willhite and Mr. Wilmsen (www.WILsquare.com).

Winston & Strawn provided legal counsel to WILsquare on the fundraise.

© 2019 Private Equity Professional | July 16, 2019

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