Dominus Surpasses Target in $640 Million Fund IV Close

Dominus Capital has closed its fourth fund, Dominus Capital Partners IV LP, with more than $640 million in capital. The new fund exceeded its $500 million target and closed at its hard cap.

Limited partners in Fund IV include insurance companies, pension funds, asset managers, advisors, consultants, family offices, and high net worth individuals from 16 countries. North American investors accounted for 52% of total commitments, with the balance coming from international investors. With the close, Dominus now manages approximately $1.9 billion in assets under management.

“We are thankful for the strong support from our longstanding existing investors, as well as the many new partnerships we established during this fundraise,” said Gary Binning, founding and managing partner of Dominus. “For more than 18 years, we have remained consistent in our operationally driven, founder- and family-focused investment strategy. We partner with management teams of niche market leaders to accelerate growth through operational improvements and accretive add-on acquisitions. We are proud of the continued evolution of our approach to value creation and grateful for the confidence our investors have placed in the Dominus team.”

Founded in 2008, New York-based Dominus Capital makes control equity investments in North American-based middle-market companies that have EBITDA of at least $10 million. Sectors of interest include business services — outsourced services, specialty marketing, value-added distribution — and diversified industrials — aerospace and defense, automotive, building products, manufactured products, packaging, and specialty chemicals.

Asante Capital Group was the placement agent for this fundraise, and Kirkland & Ellis provided legal services.