Valor Equity Fund III raises $490 mln

Valor Equity Partners said Tuesday it closed its third fund at $490 million, exceeding its initial $350 million target. All of Fund II’s existing institutional pension and large family office clients made commitments to Fund III. Kirkland & Ellis LLP served as legal advisor. Chicago-based Valor makes expansion, growth, and buyout investments. The PE firm has invested about 32 percent of Fund III in the following companies: Addepar, Fooda, Porch.com, Renovate America, and SpaceX.

PRESS RELEASE

CHICAGO, June 2, 2015 /PRNewswire/ — Valor Equity Partners (www.valorep.com) today announced that it has raised $490 million for its Fund III, reaching the fund’s increased hard cap and substantially exceeding its initial targeted amount of $350 million. All of Fund II’s existing institutional pension and large family office clients made commitments to Fund III.
Antonio Gracias, Founder and CEO of Valor, stated “we are very grateful for the confidence and support that we continue to receive from our existing and new limited partners as we invest our third Valor fund.”
Fund III allows Valor to continue to partner with growing companies that can benefit from Valor’s operating resources and expertise. The firm provides active operational support to companies as they scale and accelerate growth in order to achieve their goals. This support is provided by a dedicated team of Valor professionals with both operating and management experience.
Valor makes expansion, growth, and buyout investments and, over the last 20 years, has made 66 investments in 34 platforms. The firm manages approximately $1.0 billion through its funds and side investment vehicles and is currently deploying capital through Fund III. As of March 31, 2015 approximately 32% of Fund III’s capital had been invested in the following companies: Addepar, Fooda, Porch.com, Renovate America, and SpaceX.
Kirkland & Ellis LLP served as legal advisor to Valor in the formation of Fund III.
SOURCE Valor Equity Partners