Prairie Capital, the Chicago-based investment firm, closed its fifth fund oversubscribed with $300 million in committed capital. Prairie Capital typically acquires U.S. companies with annual cash flows of $4 million or more and recurring annual revenues in excess of $20 million.
CHICAGO, IL — January 27, 2011 — Prairie Capital, one of the leading sources of private equity capital for the acquisition of family held businesses and corporate carve-outs, announced the closing of its fifth fund, the $300 million Prairie Capital V, L.P.
In this latest fund, Prairie maintained strong support from longtime limited partners including Chicago-based RCP Advisors LLC and Financial Investment Corp. It also received new commitments from Portfolio Advisors, Washington University, Abbott Capital, Credit Suisse’s Customized Fund Investment Group, as well as the Illinois Treasurers Technology Development Fund and others.
Prairie Capital typically acquires U.S. based companies with annual cash flows of $4 million or more and recurring annual revenues in excess of $20 million.
Since its inception, Prairie Capital has provided superior returns to its investors by working with established entrepreneurs and experienced management teams across 74 platform investments with total capital under management over $800 million.
Prairie Capital’s website: www.prairie-capital.com