Aequitas Capital expects to hit a $75 million first close for its latest fund later this month, peHUB has learned.
The Lake Oswego, Oregon-based private equity firm is seeking $100 million for the Aequitas Capital Opportunities Fund, a source said. The pool is Aequitas’ first institutional fund, the person said.
Aequitas—which is Latin for justice, equality and fairness—was founded in 1993 and focuses on sectors such as healthcare, financial services and education. The firm has closed five investments for the Capital Opportunities fund and is working on a sixth deal, the source said. Aequitas is not using a placement agent, the person said.
In January, William Ruh, a Castle Creek Capital co-founder and former managing principal, joined Aequitas as EVP and managing principal.
Executives of Aequitas did not return calls for comment.
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