CIVC Partners has closed its fifth fund with $400 million in capital commitments. CIVC Partners Fund V had a cover of $375 million and a hard cap of $400 million. CIVC Partners Fund V will invest in buyout and growth equity investments, predominantly within the business services and financial services sectors, in the lower middle market. Atlantic-Pacific Capital Inc served as placement agent.
May 22, 2017 04:20 PM Eastern Daylight Time
NEW YORK–(BUSINESS WIRE)–Atlantic-Pacific Capital, Inc. (“Atlantic-Pacific”), one of the largest independently owned global placement and advisory firms focused on alternative investments, announces the final closing of CIVC Partners Fund V, LP (“Fund V”) at $400 million in capital commitments. Fund V, which had a cover of $375 million and a hard cap of $400 million, received strong backing from a diverse group of existing and new investors including pension programs, university endowments, foundations, family offices, and financial institutions located across the US, Europe, and Asia. Fund V will continue CIVC Partners’ strategy of making buyout and growth equity investments, predominantly within the business services and financial services sectors, in the lower middle market.
“CIVC represents a combination of leadership, experience, and success not easily found in firms managing sub-$500 million funds,” commented John Chase, Partner at Atlantic-Pacific Capital. “Over the past two decades, the firm has developed a sub-sector Immersion strategy to create and maintain critical competitive advantages in sourcing and driving growth in lower middle market companies – and the results are compelling. CIVC has completed 60 platform investments and 51 realizations, with more than 90% of realized returns attributed to growth in profitability. Atlantic-Pacific congratulates the entire CIVC team on exceeding Fund V’s target and wishes the firm and its investors continued success.”
Chris Perry, Partner at CIVC, added, “Atlantic-Pacific provided expertise in bringing our story to the marketplace and navigating the capital raising process. We are grateful for the support from our highly respected limited partners, and we continue to be focused on generating attractive returns to our investors.”
About Atlantic-Pacific Capital (www.apcap.com)
Atlantic-Pacific Capital, Member FINRA and SIPC, is one of the largest privately owned global placement and advisory firms dedicated to raising capital for alternative investments. Since its founding in 1995, the firm has executed more than 90 capital raising assignments aggregating over $65 billion for an extraordinary group of alternative asset managers. Typical mandates include private equity, real estate, real assets, natural resources, and infrastructure fund placements. Atlantic-Pacific uniquely provides global marketing distribution and project management execution using a focused and customized approach. With experienced professionals located in New York, Greenwich (CT), Chicago, San Francisco, Atlanta, London, and Hong Kong, Atlantic-Pacific maintains a global network of trusted relationships with influential institutional investors.
About CIVC Partners, LP (www.civc.com)
CIVC Partners is a Chicago-based private equity firm investing in high growth middle market companies in the business services and financial services sectors. Since 1989, the team has invested more than $1.5 billion in 60 platform companies. More information on CIVC Partners and its portfolio companies can be found at www.civc.com.