Post Capital Partners said Tuesday that it has raised $52 million in the first close of its second fund. The target is $100 million.
New York, May 20, 2014 – Post Capital Partners today announced the first closing of Post Capital Equity Partners III, its second fund, at $52 million. The target size of the fund is $100 million. The firm will continue to make both minority growth and control investments in small and middle-market companies by primarily employing its “Executive-First” deal sourcing and investment strategy.
As previously announced, Post Capital Equity Partners III also completed its first investment by acquiring EC Waste from Waste Management, Inc. (NYSE:WM). EC Waste is the leading waste management provider in the Commonwealth of Puerto Rico. EC Waste CEO Randy Jensen is a 30-year waste management industry veteran who, as an Executive Partner with Post Capital, worked closely with its investment team to identify and structure the EC Waste transaction.
Led by Michael S. Pfeffer and Mitchell A. Davidson, Post Capital has a strong track record of working with talented operating executives to identify attractive growth businesses that can be materially improved and repositioned to drive significant returns to investors. Post Capital targets companies with attractive business models, with emphasis on repeat and recurring revenues, diverse customer bases and strong service components. The firm typically targets companies with revenue from $10-100 million and a minimum of $2 million of EBITDA.
Mitch Davidson said, “We are very pleased with the reception that our fund has received to this point in the marketplace. At the same time, we remain focused on partnering with proven operators who share a clear vision to transform businesses and materially enhance shareholder value.”
Rafael Astruc of Garrison Securities, LLC has partnered with Post Capital to invest in the fund and is also acting as a strategic advisor and helping to diversify and expand Post Capital’s investor base. He said, “Mitch and Michael have worked together for 10 years successfully executing their strategy. Given this level of experience and fund size, they are well positioned to enjoy continued success.”
About Post Capital Partners
Post Capital Partners (www.postcp.com) is a private investment firm that makes both minority growth and control investments in companies with a minimum of $10 million of revenue and $2 million of EBITDA. Post Capital primarily employs an “Executive-First” deal sourcing and investment strategy in which it pursues “Executive-First” platform searches, management buyouts and growth capital investments. Based in New York City, Post Capital invests a committed capital fund with top-tier institutional and sophisticated private investors.