Teakwood Capital closes Fund III on $90 mln

Dallas, Texas-based Teakwood Capital has closed its third fund on $90 million, beating its $75 million target, after six months in the market. Fund III raised capital from endowments and institutional investors as well as family offices. Teakwood invests in technology-focused companies with revenues below $25 million.

Press Release

Teakwood Capital, a Dallas, Texas private equity firm, has closed Teakwood Capital III, LP, accepting subscriptions of $90 million on a target of $75 million. The fund secured commitments from top-tier endowments and institutional investors as well as family offices. The market leading performances of Teakwood’s prior funds supported the closing of Fund III in six months without a placement agent.

“We are very pleased with the progress we’ve made building Teakwood Capital into a high-performing private equity firm. Teakwood brings together superior deal flow and decades of expertise in rapidly growing companies, and when combined with world-class management teams, Fund III allows us to double-down on a proven strategy, ” added Shawn Kelly, Managing Director of Teakwood Capital.

Teakwood Capital III LP, will continue to invest in technology-focused, profitable companies, with revenues below $25 million, that are interested in accelerating growth with expansion capital and top-tier talent. The firm typically focuses on companies in Texas and neighboring states, allowing maximum leverage of the extensive Teakwood network to secure talent and relationships benefiting portfolio companies.

The firm has deep, hands-on operating experience complemented with an Executive Partner team of successful ex-CXOs working closely with portfolio company management teams to create value through organic revenue growth, operational improvements, and sustainable intellectual property.

About Teakwood Capital
Teakwood Capital is a Dallas, Texas private equity firm that provides comprehensive equity financing in support of management teams aspiring to buy and grow companies. The firm’s senior team brings 300 years of combined operational and financial expertise to assist companies in reaching their full potential. Teakwood invests primarily in profitable businesses with revenues under $25 Million in Texas and neighboring states.