Firm: WestView Capital Partners
Fund: WestView Capital Partners II
Target: $300 million
Amount Raised: $325 million
Placement Agent: Probitas Partners
Boston-based emerging manager
WestView Capital began pitching the fund,
Managing Partners Carlo von Schroeter, formerly of
WestView Capital invests only in lower-mid-market U.S. companies, working with existing management teams to sponsor minority and majority investments. Industries of interest include business services, health care services, IT services, industrial, distribution, logistics, media, publishing and financial services. The group invests $5 million to $25 million in companies generating operating profits of $3 million to $15 million. The firm can participate in larger deals via co-investments from limited partners or other co-investors.
In August, WestView Capital exited its portfolio company, Radiac Abrasives, selling the manufacturer of industrial and automotive abrasives to an Austria-based manufacturer of conventional bonded and superabrasive products after a three-year hold. Terms of that transaction were not disclosed.
In July, WestView Capital invested in RuffaloCODY, a provider of strategic fundraising and enrollment management solutions and software for nonprofit organizations.