DFW Capital Partners has closed DFW Capital Partners IV on $162.5 million, beating its $150 million target. Fund IV has already invested in three operating businesses — Information Innovators, Covenant Surgical Partners and Sebela Pharmaceuticals. Griffin Financial Group worked as placement agent.
DFW Capital Partners announced today that it has held a final closing on DFW Capital Partners IV, L.P., an investment partnership dedicated to making control investments in lower-middle market service companies. DFW IV is capitalized with $162.5 million in commitments from institutional and select individual investors, as well as a significant commitment from the General Partner. To date, DFW IV has invested in three operating businesses – Information Innovators, Covenant Surgical Partners and Sebela Pharmaceuticals.
“We are deeply grateful for the support of our existing fund investors, who increased their commitments to DFW IV significantly from the prior fund, and are excited to welcome many new limited partners as well,” noted Keith Pennell, Managing Partner of DFW. “We are particularly fortunate to have closed the fund in a relatively quick fashion, and to have been oversubscribed – exceeding our original fundraising target of $150 million. We look forward to continuing to employ our disciplined investment strategy and building a strong portfolio of unique, service-oriented businesses.”
In Fund IV, DFW welcomed sizeable commitments from several new institutional investors, including domestic and European funds of funds, insurance companies, pension funds, wealth management groups and family offices. Griffin Financial Group, LLC acted as placement agent.
DFW is actively seeking new platform investments in growing service companies, including healthcare services and general business and industrial outsourcing services. DFW seeks to invest up to $20 million of its own capital in each opportunity, but can lead significantly larger deals with the support of its institutional co-investors.
About DFW Capital Partners
DFW Capital Partners is a private equity investment firm focused on lower middle-market companies. The firm concentrates on service companies, with an emphasis on healthcare and outsourced business and industrial support services. DFW is backed by both institutional and high-net worth individual investors, and has established a 20+ year track record of success in both building leading companies, and recognizing outstanding returns for its investors. DFW is
headquartered in Teaneck, NJ, and maintains an office in Chevy Chase, MD. For more information contact Keith Pennell, General Partner, at (201) 836-6000.