WestView Capital Management raises $430 mln for third fund

Boston-based growth equity firm WestView Capital Management has closed $430 million for its third fund. The pool’s focus is on middle-market growth companies. According to WestView, the investors included endowments, public and private pensions, fund of funds and family offices as well as many former and current portfolio company executives.


WestView Capital Management, Inc. (“WestView”), a leading Boston-based growth equity firm, has announced the closing of WestView Capital Partners III, L.P. (“WestView III”), a $430 million private equity fund that will invest in middle-market growth companies in partnership with exceptional management teams. WestView experienced strong demand for its third fund which was significantly over-subscribed.
WestView III will be managed by a seasoned group of private equity investors who have worked together for many years and have been successfully executing the same strategy since 1990. WestView was founded in 2004 by Managing Partners Carlo von Schroeter and Rick Williams. The firm’s investment team has complementary backgrounds giving it a strong entrepreneurial-centric culture that resonates with middle-market business owners looking to grow their businesses with a value-added capital partner.
WestView received strong support from its Fund I and Fund II investor base and added several new high quality investors. Investors in WestView III include a blue-chip roster of leading institutional investors such as endowments, public and private pensions, fund of funds and family offices as well as many former and current portfolio company executives.
“We are very appreciative of our strong existing investor support and fortunate to have been able to select several well regarded endowments and other institutional investors to complete our fundraise” said Carlo von Schroeter, Managing Partner and co-founder. Rick Williams, Managing Partner and co-founder, added “Our new fund will allow us to continue to execute on the strategy that has made our first two funds successful. We look forward to partnering with outstanding management teams and employing the flexible structure that has helped us generate strong results to this point.”
Goodwin Proctor served as WestView’s counsel in connection with WestView III.
About WestView Capital Management, Inc.:
WestView is a Boston-based private equity firm focused exclusively on lower middle market growth companies. We currently manage approximately $1 billion and commit $10 to $40 million of equity to companies in a variety of recapitalization, growth, buyout and consolidation transactions. We build supportive relationships with management teams and tailor investment structures to accommodate the needs of all shareholders, enabling us to act as either a minority or majority investor. For more information please visit www.wvcapital.com or call (617) 261-2050.
About Goodwin Procter:
For more information please visit www.goodwinprocter.com.