Carousel Capital has closed its third fund with $210 million in capital commitments. The Charlotte, N.C.-based firm acquired small-market profitable companies based in the Southeastern U.S.
Carousel Capital announced today the final closing of its third buyout fund, Carousel Capital Partners III, L.P. (CCP III). With $210 million of equity commitments, CCP III is Carousel's largest fund to date.
CCP III's investor base consists primarily of institutional investors including pension funds, endowments, foundations and financial services companies. In addition, more than 60 CEOs from across the Southeast have invested in the new fund.
With CCP III, Carousel will continue its focus on acquiring small, profitable companies based in the
“We are pleased to represent such a high quality group of investors as we seek investment opportunities for our third fund,” said Brian Bailey. “With our new fund, we will remain focused on partnering with management teams to acquire Southeastern-based companies and delivering industry-leading financial returns to our investors.”
In total, Carousel has now raised more than $500 million of private equity commitments across its three funds.
About Carousel Capital
Carousel Capital is a private investment firm that invests in companies located in the
of more than 60 current and former CEOs with significant operating experience. Since its inception, Carousel has invested in 24 companies primarily in three targeted growth sectors: business services; consumer products and services; and healthcare services.