Brynwood Partners said Wednesday that it has raised $400 million for its seventh fund. Based in Greenwich, CT, Brynwood Partners is a private equity fund that invests in lower middle-market companies in the consumer sector.
GREENWICH, Conn., Sept. 25, 2013 /PRNewswire/ — Brynwood Partners, an operationally-focused private equity fund that makes control investments in lower middle market companies in the consumer sector, is pleased to announce that it has completed the first and final close of its latest fund, Brynwood Partners VII L.P. with $400 million of committed capital.
“We are both pleased and proud to announce the first and final close of Brynwood VII with $400 million of committed capital, the largest fund in our 29 year history,” said Hendrik J. Hartong III, Senior Managing Partner. “We are fortunate to have been able to reach our hard cap target with one close. The high level of interest in our Fund from the investment community validates our belief that returns in the lower middle market are primarily driven by operational improvements at the portfolio company level.”
Brynwood Partners is actively pursuing new platform investments for Brynwood VII and continues to maximize returns for its remaining investments in prior funds. “We received strong support from our existing limited partner base and appreciate their continued commitment to Brynwood Partners. We will continue to evaluate add-on acquisition opportunities for our five portfolio companies in Brynwood Partners VI L.P and will be seeking new platform investment opportunities for Brynwood VII,” said Ian B. MacTaggart, Managing Partner.
About Brynwood Partners:
Founded in 1984, Brynwood Partners is an operationally-focused private equity fund that makes control investments in lower middle market companies. Brynwood Partners targets companies operating in the consumer sector.
Brynwood Partners is currently managing over $900 million of private equity capital for its limited partners who include U.S. and international pension funds, fund-of-funds, endowments, high net worth family investment offices and financial institutions. For more information on Brynwood Partners please visit www.brynwoodpartners.com.