Endeavour Capital hits $775 mln hard cap on Fund VII

Endeavour Capital has hit its $775 million hard cap for its seventh fund, beating the initial $700 million target.

The focus is on lower middle market firms in the western U.S.

The fundraising for Endeavor Capital Fund VII began last September and wrapped up on December 22, 2014. Currently, Endeavor has about $2 billion in capital under management.

Endeavor Capital’s previous fund closed at $675 million, generating an IRR of 5.96%, according to Bison data.

Photo courtesy of Shutterstock.