Paine Schwartz Closes its Largest Fund

Paine Schwartz Partners has held a final closing of Paine Schwartz Food Chain Fund V LP with just over $1.4 billion of capital commitments.

Fund V, which closed above target and at its hard cap, is the largest fund that Paine Schwartz has ever raised and counts as limited partners institutions from the US, Canada, Europe, Middle East and Asia.

“We are excited about the successful closing of Fund V,” said Kevin Schwartz, CEO of Paine Schwartz. “This was truly a global capital raising effort, with participation from new and existing limited partners around the world.”

Paine Schwartz was founded in 2006 by Dexter Paine and Mr. Schwartz and provides equity to food and agribusiness companies for management buyouts, going-private transactions, expansion and growth programs.

“We have seen an increasing number of institutional investors focused on the food and agribusiness opportunity set, along with the need for sustainability, which is synergistic with driving positive investment outcomes in this sector,” added Mr. Schwartz. “We have built a leadership position and successful track record in this area over two decades, and look forward to continuing that execution with Fund V.”

Paine Schwartz has offices in New York City and San Mateo, CA (www.paineschwartz.com). The firm’s earlier fund, Paine Schwartz Food Chain Fund IV LP, closed in January 2015 with $893 million of capital.

© 2019 Private Equity Professional | October 2, 2019

Print Friendly, PDF & Email

Related Articles

H.I.G. Expands Leadership Team H.I.G. Capital has expanded its leadership team with the promotion of Rick Rosen and Brian Schwartz to Co-President, a newly created title. Messrs....
Revelstoke Closes Fund II Revelstoke Capital Partners has held a final closing of Revelstoke Capital Partners Fund II LP (RCP Fund II) and Revelstoke Single Asset Fund I LP (RS...
Dyal Closes Largest Minority Fund Ever Raised Dyal Capital Partners, a division of Neuberger Berman, has held a final closing of Dyal Capital Partners IV LP (Fund IV) with over $9 billion of commi...
Raymond James Expands Financial Sponsors Team Raymond James has added Edward Lee as a managing director to the firm’s financial sponsors investment banking practice. Mr. Lee will be based in New Y...
Still the Same Generally favorable market conditions for private business sellers continued to prevail in the third quarter, according to GF Data’s just-released Nov...
Cortec’s Seventh Fund is “One and Done”... Cortec Group has held a first and final closing of its seventh institutional private equity fund, Cortec Group Fund VII LP, at its hard cap of $2 bill...