CIVC Capital seeks $575 million for its third fund, with a hard cap of $700 million. The fund, called CIVC Partners Fund IV, was formed in May of 2008. CIVC Capital’s prior fund had $650 million in commitments and closed in 2003. The fund hired UBS as a placement agent in 2008. CIVC is based in Chicago and invests equity slices of between $15 million and $85 million in business services, financial services, marketing and information services companies.
Wind Point Partners has raised at least $842 million in commitments toward its seventh fund. The fund, which has a target of $1.15 billion, according to regulatory filings, has at least 43 investors. The firm was slated to hold a first close on greater than $700 million, which is greater than its entire sixth fund, around this time last year. Wind Point is based in Southfield, Mich. and 60% of the firm’s deals are add-ons.
Linden LLC is in the market with Linden Capital Partners II LP. The fund seeks $300 million, a slight jump over its prior, effort, a $200 million pool of capital which closed in 2006. The firm, based in Chicago, grew out of First Chicago Equity Capital, and invests in mature health care and life sciences companies.
TZP Capital, a new buyout firm based in New York, has raised $152.5 million from 70 investors for TZP Capital Partners I LP. Investors include Marlin Equities III and Gem Management. The firm seeks to invest in companies with enterprise values between $50 million and $250 million. The fund’s placement agent is Sixpoint Investments.
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