Guardian Capital Partners has raised $87.1 million for Guardian Capital Partners Fund II, more than halfway toward its target of $150 million.
The Wayne, Pennsylvania-based firm revealed the fundraising in a regulatory filing.
Guardian Capital Partners closed its debut fund with commitments of $50 million in January 2010. The firm makes control investments in lower middle market private companies located in the United States with annual revenues between $20 million and $100 million and EBITDA generally between $3 million and $9 million.
A recent investment for the firm was the acquisition of McCubbin Hosiery in December. Headquartered in Oklahoma City, McCubbin Hosiery is a children’s and women’s hosiery platform with extensive distribution of branded and private label socks, tights, slippers, leg warmers and infant soft sole shoes.
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