Tailwind Capital said Sept. 24 that it closed its latest fund on $1.8 billion of commitments. Tailwind Capital Partners III LP invests in North American companies with enterprise values up to $250 million. Credit Suisse Securities (USA) LLC acted as fundraising adviser, while Davis Polk & Wardwell LLP was their attorney.
Tailwind Capital Closes Fund III with $1.8 Billion of Commitments
24 September 2018
Tailwind Capital (“Tailwind”), a middle market private equity firm investing in targeted sectors within healthcare, business services and industrial services, has closed Tailwind Capital Partners III, L.P. (together with its related funds, “Fund III” or the “Fund”) at $1.8 billion of commitments. The Fund exceeded its initial target and was oversubscribed.
The Fund will pursue the same investment strategy Tailwind has employed since its inception – partnering with experienced management teams and entrepreneurs in North America to transform businesses through organic growth initiatives, acquisitions, and operational and strategic investments. Tailwind primarily targets companies with enterprise values up to $250 million.
Fund III received commitments from existing and new investors, including pension funds, insurance companies, endowments and foundations, family offices and high net worth individuals based in North America, Europe and Asia.
Larry Sorrel, Tailwind Managing Partner, said, “We are gratified by the strong support we received from our existing investors, and are excited to welcome many new limited partners to the firm. The significant demand for Fund III is a testament to the strength of our track record and our team. The Fund has already completed four platform investments and we continue to see interesting acquisition opportunities. We look forward to leveraging our team of 33 professionals and 15 operating executives to help healthcare, business services and industrial services companies accelerate their growth and deliver differentiated returns to our investors.”
Credit Suisse Securities (USA) LLC acted as global fundraising advisor and Davis Polk & Wardwell LLP acted as legal advisor.
About Tailwind Capital:
Tailwind Capital is a middle market private equity firm focused on growth-oriented investments in targeted sectors within healthcare, business services and industrial services. Tailwind partners with experienced management teams and entrepreneurs to transform businesses through organic growth initiatives, acquisitions, and operational and strategic investments. Since inception, Tailwind has managed $3.6 billion of committed equity capital, and has invested in 38 portfolio companies and over 65 add-on acquisitions. For further information, please visit: www.tailwind.com.