Pine Tree Equity has closed its third private investment fund on $100 million. The firm’s capital raise was executed in less than 90 days. This brings the firm’s total committed capital base to nearly $200 million.
Pine Tree Equity III, LP (“Pine Tree Equity”), a private equity firm based in Miami, FL, is pleased to announce that it has closed its third private investment fund of $100 million in April 2013. The firm’s capital raise was executed in less than 90 days, and it brings the firm’s total committed capital base to nearly $200 million. Due to its differentiated approach in the small capitalization space and strong returns despite the challenging market, Pine Tree Equity III was materially oversubscribed beyond its $100 million cap.
“We are extremely thankful to have received great support from existing investors and significant demand from new investors,” said Jeff Settembrino, Pine Tree’s Managing Partner. “Although we were oversubscribed, we wanted to keep our third fund at $100 million in order to remain dedicated to the small capitalization space where our committed capital and proven experience has helped transform entrepreneurial success stories into institutional platforms positioned for continued growth.”
Pine Tree Equity III will continue to execute its successful strategy of investing in and expanding small capitalization companies – with revenue of $10 million to $50 million or EBITDA of $2 million to $6 million – in partnership with founding management. Since its founding in January 2007, Pine Tree Equity has closed 21 acquisitions with founding entrepreneurs in a variety of industries, including business, consumer and financial services.
Pine Tree Equity
Pine Tree Equity, based in Miami, FL, is a private equity firm with committed equity capital focused on the investment in and expansion of small capitalization companies – with revenue of $10.0 million to $50.0 million – in partnership with management.