Angeles Equity Fund I targets $300 mln

Angeles Equity Partners is seeking $300 million for its first fund, two sources said.

Founded by former Gores Group executives, Angeles will target middle market industrial deals. Angeles has tapped Moelis & Co as well as GCA Savvian to serve as placement agents, one of the persons said. Munger, Tolles & Olson is the law firm on the fundraising.

Last May, Jordan Katz and Tim Meyer left Gores Group, where they were both MDs. The execs recently founded Angeles Equity, which is based in Los Angeles.

Fortune reported news of the Angeles fundraising this week.

Moelis, GCA, Angeles and Munger did not return calls/messages for comment.

Photo of Los Angeles courtesy of Shutterstock