Balance Point Beats Target on Latest Fund

Balance Point Capital has held a final close of Balance Point Capital Partners V LP (BPCP V), the firm’s sixth fund, with capital commitments of approximately $580 million, exceeding the fund’s target of $425 million.

The new fund received commitments from both existing and new investors including public and private pension funds, insurance companies and other institutional investors.

“We are extremely pleased with the strong reception BPCP V received from both new and returning limited partners. We believe this level of investor support is a direct result of the strong and consistent performance of the Balance Point team since 2007,” said Seth Alvord, managing partner of Balance Point. “BPCP V provides us with the capital necessary to continue executing upon our strategy of being the partner of choice for companies and private equity investors seeking customized financing solutions to provide both operational flexibility and to support strategic growth.”

Balance Point invests from $15 million to $150 million of first and second lien debt, unitranche debt, subordinated debt, and equity in lower middle-market companies that have revenues of $10 million to $150 million and EBITDA between $5 million and $30 million.

“We are deeply grateful for the support and ongoing trust of our existing and new limited partners,” said Justin Kaplan, a partner of Balance Point. “We see exciting opportunities to deploy capital in the lower middle market and BPCP V will enable us to continue providing value-added solutions to companies and sponsors while leveraging the core strengths of our platform: certainty, flexibility and customization.”

Balance Point, with $1.7 billion in assets under management, is based in Westport, Connecticut.

© 2021 Private Equity Professional | October 5, 2021