CenterGate Capital Partners has raised $350 million for its oversubscribed maiden fund, beating its $300 million target. CenterGateFund I will focus on lower mid-market companies in North America. The fund’s limited partners include foundations, private pension plans, insurance companies, funds of funds, and family offices.
AUSTIN, TX (PRWEB) DECEMBER 16, 2016
CenterGate Capital Partners, LP (“CenterGate”), a leading private equity firm, announced today the final closing of CenterGate Capital Partners I (“CenterGate Fund I” or the “Fund”). CenterGate Fund I, with $350 million in investor capital commitments, will focus on control investments that transform lower middle market companies in North America.
CenterGate Fund I, which had a $300 million target, is the first institutional private equity fund for the firm and was substantially oversubscribed.
Tiffany Kosch, a CenterGate Managing Director, commented, “We are humbled by the support from the investment community across the country for our inaugural Fund. Our investor base includes a mix of premier institutions, including foundations, private pension plans, insurance companies, funds of funds, and family offices.”
“Despite strong demand, we proactively kept the size of the fund capped at $350 million so we can adhere to our niche investment strategy” added Lewis Schoenwetter, Managing Director.
The CenterGate investment team is managed by co-founders and partners Tiffany Kosch, Lewis Schoenwetter, and Stenning Schueppert.
About CenterGate Capital
CenterGate Capital is an Austin-based private equity firm focused on investing in lower middle market companies with up to $250 million of revenue. In order to realize their potential, these companies need flexible capital, strategic guidance and strong management teams. CenterGate’s investment strategy creates long-term value by enhancing companies’ core value. CenterGate brings together a balance of transactional and operational experience along with a network of advisors and strategic relationships which provide their portfolio companies with exceptional resources. http://www.centergatecapital.com