Transom Capital Group said Jan. 9 that its third fund closed on $300 million in capital commitment. The initial target for Transom Capital Fund III LP was $250 million while the hard-cap was $300 million. Transom, of Los Angeles, said it invests into opportunities across multiple industries. Don Melamed of O’Melveny & Myers advised on the fundraising.
LOS ANGELES, January 9, 2018 — Transom Capital Group (“Transom”), a Los Angeles-based, private equity firm, announces the first and final closing of Transom Capital Fund III, LP (“Fund III”) with $300 million of capital commitments. Fund III reached its hard-cap in two months and was substantially oversubscribed from its initial $250 million target and $300 million hard-cap.
“Fund III will be a continuation of the partnership-driven, operationally focused approach that led to Transom’s historical success. We will continue to focus on the middle market and make investments in similar situations where our team plays a hands-on role in identifying and executing business transformations,” stated Russ Roenick, Managing Partner.
Transom Capital invests into opportunities across multiple industries where operational substance marries together with management’s industry knowledge to create sustainable value and improve stakeholder outcomes.
“We are very grateful for the support from our new and existing global institutional investors who have demonstrated incredible confidence in the value creation capabilities of our firm,” added Ken Firtel, Managing Partner.
Don Melamed of O’Melveny & Myers provided legal services.
About Transom Capital Group.
Transom (www.transomcap.com) is a leading operations-focused private equity firm in the -middle market. The firm’s functional pattern recognition, access to capital, and proven ARMOR℠ Value Creation Process combine with management’s industry expertise to create improved operational efficiency, significant top-line growth, cultural transformation and overall distinctive outcomes. Transom is headquartered in Los Angeles, California with an additional office in Seattle, Washington.