Thompson Street Capital Partners said July 16 that its fifth fund closed on $1.15 billion in committed capital. Thompson Street Capital Partners V LP exceeded its original $850 million target. Thompson Fund V invests mainly in healthcare and life science services, software and technology services and business services and engineered products. Kirkland & Ellis LLP served as fund counsel for TSCP. Park Hill Group acted as placement agent for TSCP.
THOMPSON STREET CAPITAL PARTNERS CLOSES FIFTH PRIVATE EQUITY FUND WITH $1.15 BILLION OF COMMITMENTS
St. Louis-Based Firm Positioned to Continue Strategic Partnerships with Founders and Management Teams
St. Louis, July 16, 2018 – Thompson Street Capital Partners (“TSCP”), a private equity firm focused on investing in founder-led middle market businesses, today announced the successful closing of its fifth committed capital investment fund, Thompson Street Capital Partners V LP (“TSCP V”), at the hard cap with total commitments of $1.15 billion. The fund was oversubscribed and exceeded the original $850 million target.
Commitments to TSCP V came from a diverse and well-respected group of new and existing global investors comprised of leading corporate and foreign pension funds, endowments, foundations and family offices. Consistent with prior funds, the partners of TSCP have made significant personal capital commitments to TSCP V.
“We are very pleased and honored to have received such a strong level of support for TSCP V from our existing and new investors,” said Jim Cooper, Founder and Managing Partner of Thompson Street Capital Partners. “The demand for this fund is a testament to the dedication of our team, our differentiated strategy and approach, and our investors’ confidence in our consistent performance of delivering attractive returns. We will continue to build upon our long and proven track record of being good partners – maintaining companies’ hard-earned reputations while providing the right environment and resources for accelerated growth.”
TSCP pursues investment opportunities primarily in healthcare and life science services, software and technology services and business services and engineered products. As with TSCP’s previous funds, TSCP V will seek equity investments of $25 million to $150 million in companies with EBITDA between $5 million and $20 million.
Kirkland & Ellis LLP served as fund counsel for TSCP. Park Hill Group served as placement agent for TSCP.
About Thompson Street Capital Partners
Thompson Street Capital Partners (www.tscp.com) is a St. Louis-based private equity firm focused on investing in founder-led middle market businesses in the healthcare and life science services, software and technology services, and business services and engineered products sectors. Founded in 2000, the firm has acquired more than 100 companies and has managed more than $2.6 billion in equity. TSCP partners with management teams to increase value by accelerating growth, both organically and via acquisitions.