WestView Closes Fund 3 at $430 Million

WestView Closes Fund 3 at $430 Million

westview nfWestView Capital Management has closed WestView Capital Partners III, LP, at $430 million. The fund experienced strong demand and was significantly over-subscribed.

WestView received support from its Fund I and Fund II investor base and added several new investors. Investors in WestView III include institutional investors such as endowments, public and private pensions, fund of funds and family offices as well as many former and current WestView portfolio company executives.

schroeter nf1“We are very appreciative of our strong existing investor support and fortunate to have been able to select several well regarded endowments and other institutional investors to complete our fundraise” said Carlo von Schroeter, Managing Partner and co-founder.

WestView Capital Partners invests from $10 million to $40 million of equity in lower middle market companies with EBITDAs between $3 million and $20 million. Industries of interest include business and healthcare services; software and IT services; industrial and manufacturing; distribution and logistics; media and publishing; and consumer products and retail. The firm will invest both as a minority or majority investor. WestView was founded in 2004 by Managing Partners Carlo von Schroeter and Rick Williams. The firm is based in Boston (www.wvcapital.com).

williams nf“Our new fund will allow us to continue to execute on the strategy that has made our first two funds successful. We look forward to partnering with outstanding management teams and employing the flexible structure that has helped us generate strong results to this point,” said Rick Williams, Managing Partner and co-founder.

© 2013 PEPD • Private Equity’s Leading News Magazine • 11-14-13

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