LaSalle Capital Group, a Chicago-based investment firm, has closed its second fund with $205 million in commitments, exceeding an original target of $150 million, the firm announced. LaSalle Capital Group’s inaugural $125 million Fund I closed in 2005. The new fund will continue with its original strategy of making control equity investments in lower-middle market companies.
LaSalle Capital Group held a final closing on its second fund (Fund II) at $205 million in commitments, substantially exceeding its initial target of $150 million. Fund II is the successor to LaSalle Capital Group’s inaugural $125 million Fund I closed in 2005.
Fund II will continue to pursue the same strategy as Fund I, making control equity investments in lower-middle market companies across the United States, with a focus on the food & beverage, outsourced business services and value-added distribution/manufacturing sectors. Target companies are typically family and/or entrepreneurially owned and have less than $75 million in annual revenue.
Fund II commitments include significant institutional investments from pension funds, foundations, financial institutions and investment managers.