Westhook Capital said Sept. 11 that it closed its debut fund on $140 million. Westhook focuses on buyouts of U.S based lower middle market companies within the consumer, industrial, business services and healthcare services sectors.
Los Angeles, September 11, 2018 – Westhook Capital (“Westhook”), a Los Angeles-based private equity firm focused exclusively on the lower middle market, today announced the successful final closing of its inaugural fund, Westhook Capital Partners, L.P, with $140 million in commitments.
Westhook is led and founded by industry veteran Michael Hooks, who was previously the co-founder of Black Canyon Capital, a Los Angeles-based private capital firm which completed more than $1.0 billion of investments across various industries.
Westhook focuses on buyouts of U.S based lower middle market companies within the consumer, industrial, business services and healthcare services sectors that can benefit from the firms’ hands-on, operationally-focused and proven approach to value creation. Westhook targets companies with a solid track record of financial performance, a demonstrated ability to generate cash flow, defensible margins, and attractive growth prospects. In addition to Mr. Hooks, the Westhook senior team is comprised of seasoned investment professionals Wesley Knuth (Partner) and Nate Chandra (Managing Director and Head of Business Development).
“We are very pleased to complete this fundraise and to formally launch Westhook Capital,” said Michael Hooks, Managing Partner of Westhook Capital. “Our team is aggressively pursuing investments that fit with our strategy of partnering with management teams to drive growth initiatives, build high quality companies, and create lasting and impactful value. We sincerely thank our limited partners for their support, trust and confidence in the Westhook team, and we look forward to working collaboratively with our future portfolio companies as we seek to generate strong returns.”
Commitments to the fund came from a number of university endowments, family offices, other institutional investors, and Westhook’s senior professionals.
About Westhook Capital
Westhook Capital is a private equity firm founded by professionals with over 40 years of combined experience growing companies as investors, company executives, and advisors through multiple economic cycles. Westhook is targeting 5 – 6 platform investments for the fund and is focused on companies in the consumer, industrial, business services, and healthcare services segments with greater than $3 million of EBITDA. Westhook invests in control buyouts, management buyouts, and recapitalizations. Westhook is experienced and comfortable with founder-owned companies, founder transitions, secondary buyouts, and corporate divestitures. For more information, please visitwww.westhook.com.
To discuss investment opportunities, please contact Nate Chandra at email@example.com.