Cotton Creek Capital has closed its second fund on about $160 million. Fund II is about double the size of the firm’s debut fund. The second fund has made two platform investments in Chain Electric Company and Royal Baths Manufacturing Company.
Cotton Creek Capital is pleased to announce the final closing of Cotton Creek Capital Partners II, L.P. (“CCCP II”) with approximately $160 million in capital commitments. CCCP II represents a continuation of Cotton Creek Capital’s active ownership investment strategy focused on lower middle-market companies primarily in the southern United States.
CCCP II is Cotton Creek Capital’s second private equity vehicle, doubling the size of its predecessor fund. Cotton Creek Capital’s investment partners are comprised of a diverse group of pension funds, endowments, and family offices, including a substantial commitment from investors in its prior fund.
“We appreciate the continued support by our existing investors of Cotton Creek Capital’s unique investment model and are excited to be partnering with several new institutional investors as we continue to grow our investment platform,” commented Antonio DiGesualdo, Managing Director of Cotton Creek Capital. “Over the past two decades, we have provided solution capital to privately-held businesses in the Southwest, in addition to providing operational discipline and capital support. We look forward to continued success with the closing of our latest private equity fund.”
CCCP II currently has two platform investments. The first investment is in Chain Electric Company, a Hattiesburg, Mississippi-based provider of power line installation and maintenance services. The second investment is in Royal Baths Manufacturing Company, a Houston, Texas-based building products company. Cotton Creek Capital is led by Smith Brownlie, Jim Braden, and Antonio DiGesualdo.
About Cotton Creek Capital
Cotton Creek Capital is a Texas-based private equity firm focused on investing in and growing established lower middle market companies in manufacturing, value-added distribution, industrial, specialty chemical, business services, healthcare services and consumer staples. The firm invests in companies with enterprise values between $15 million and $200 million through transactions ranging from buyouts, recapitalizations, buy-and-builds, and corporate divestitures. Cotton Creek Capital has offices in Dallas, Fort Worth, and Austin and is affiliated with Brownlie & Braden, LLC, a provider of financial advisory services to high net worth families for over 20 years. For further information, visit Cotton Creek’s website at www.cottoncreekcapital.com.