Vopne Capital has closed its second private equity fund at $81 million, beating its $70 million target. Vopne Fund II’s limited partners include pension plans, family offices, fund of funds and high-net-worth individuals. No placement agent was used.
Mill Valley, CA – Vopne Capital, LLC, a private equity firm focused exclusively on lower-middle-market manufacturing and industrial businesses, raised $81 million for its second private equity fund, Vopne Fund II, exceeding its $70 million target. Investors include pension plans, family offices, fund of funds and high-net-worth individuals. Vopne did not use a placement agent for Fund II.
Fund II will continue the successful investment strategy that Vopne has employed since its inception: control buyouts, recapitalizations and growth equity investments in niche manufacturing and industrial businesses in the U.S. and Canada with EBITDA of $2 million to $6 million. Vopne plans to invest the new fund in a limited number of companies where it can concentrate its time and operating resources. Vopne targets equity investments of $5 million to $25 million per platform investment.
“We are pleased by the reception Fund II received from a highly-respected group of investors,” said Jim Bloom, founder and Managing Partner of Vopne. “Fund II enables Vopne to continue our strategy of investing in high-quality companies with engineered, differentiated products that benefit from our hands-on operating experience. We will continue to deliver outstanding returns to our investors by working with management teams to deliver top-line growth, operational excellence and bottom-line performance. Our vision for building companies the right way—by investing in growth and focusing on product quality, rather than financial engineering—is shared by our investors. We are grateful for the support of our limited partners and thank them for their commitment to Vopne.”
About Vopne Capital, LLC Vopne Capital, LLC is a San Francisco Bay Area-based private equity firm focused exclusively on control equity investments in niche manufacturers in the U.S. and Canada with $2 million to $6 million of EBITDA. Vopne undertakes buyouts, recapitalizations, and growth equity investments of companies with engineered, differentiated products and a dedication to product quality and customer service. Vopne invests up to $30 million of equity per platform investment. For additional information on Vopne, please visit www.vopne.com.