Middle-market private equity firm Calera Capital has closed its fifth fund at $555 million, beating its $500 million target. The fund is targeting mid-market investments between $100 million and $750 million.
San Francisco and Boston – October 24, 2017 – Calera Capital, a leading middle-market private equity firm, today announced the final close of its fifth fund, Calera Capital Partners V, L.P. The Fund closed well above its original $500 million target, with $555 million of total capital commitments.
“Calera Capital appreciates the continued strong support of its existing institutional partners and welcomes a select group of new high-quality investors,” said Jim Farrell, Managing Partner at Calera. “The strength of this close is a validation of our 26-year strategy of investing alongside and partnering with strong, existing management teams and founders in the business services, industrial sectors and other related industries.”
Fund V is a continuation of Calera’s strategy of investing in founder, family and management-owned businesses where the firm believes it can work as a partner to deliver substantial strategic and operational value creation. The Fund is targeting investments between $100 million and $750 million in middle-market platforms.
Mark Williamson, Managing Partner at Calera Capital, added, “Fund V represents the latest milestone in the execution of our proven strategy. The firm has built a differentiated platform in the middle market and assembled an exceptional team of investment and operating professionals who are committed to delivering positive outcomes for our partners. Calera has strong momentum and has already completed five high-quality platform investments on behalf of Fund V.”
About Calera Capital
Founded in 1991, Calera Capital is a private investment firm which has invested over $3.3 billion. With offices in San Francisco and Boston, Calera focuses its activities primarily in two industry sectors: Business Services and Specialty Industrials. Calera Capital makes substantial equity investments in middle-market businesses, typically with enterprise values in the range of $100 million to $750 million, and seeks to build long-term sustainable value by working with management teams to implement strategic and operating initiatives. For more information, visit: www.caleracapital.com.