DFW Capital Partners said April 4 that it closed its fifth fund at $360 million. This is up from DFW’s fourth fund, which raised $162.5 million in December 2013. DFW Capital Partners V LP was oversubscribed and exceeded its fundraising target. Griffin Financial Group LLC was the placement agent. Teaneck, New Jersey-based DFW seeks to invest in lower middle market companies, specializing in the healthcare, business-services and industrial-services sectors.
DFW Capital Partners (“DFW”) announced today that it has held a first and final closing of DFW Capital Partners V, L.P. (“Fund V”), an investment partnership dedicated to making control investments in lower-middle market service companies. The fund was oversubscribed and exceeded its fundraising target. Fund V is capitalized with $360 million in commitments, primarily from institutional investors, including several insurance companies, funds-of-funds, domestic and international family offices, endowments, pension funds and diversified asset management groups. The firm’s professionals also made a significant commitment to the new fund. Fund V is the successor to DFW Capital Partners IV, L.P., which held its final closing in December 2013 with $162.5 million of commitments.
Keith W. Pennell, Managing Partner of DFW commented: “We are delighted to close our fifth investment partnership in relatively short order and welcome several new high quality institutional investors to our limited partner ranks. We also deeply appreciate the continued support of our existing limited partner base. DFW will maintain its proven strategy of investing in high growth lower-middle market businesses and working closely with management to build industry leaders.”
Griffin Financial Group, LLC acted as placement agent for Fund V. Paul Delaney, Senior Managing Director of Griffin commented: “We congratulate DFW on the closing of Fund V after less than six months in the market. We were privileged to once again work with the firm’s outstanding team and their quick fundraise is a testament to their disciplined strategy and excellent performance results.”
DFW is actively seeking new platform investments in growing service companies, including healthcare services, general business and industrial outsourcing services and opportunities specific to the specialty pharmaceutical sector. DFW seeks to invest $15-$50 million of its own capital in each opportunity, but can lead significantly larger deals with the support of its institutional co-investors.
About DFW Capital Partners
DFW Capital Partners is a private equity investment firm focused on lower middle-market companies. The firm concentrates on service companies, with an emphasis on healthcare and outsourced business and industrial support services. DFW has established a 20+ year track record of success in both building leading companies, and recognizing outstanding returns for its investors. DFW is headquartered in Teaneck, NJ, and maintains an office in Chevy Chase, MD. For more information contact Keith Pennell, Managing Partner, at (201) 836-6000