DFW Capital Partners (“DFW”)
announced today that it has held a first and final closing of DFW Capital
Partners V, L.P. (“Fund V”), an investment partnership dedicated to making
control investments in lower-middle market service companies. The fund was oversubscribed and exceeded its
fundraising target. Fund V is
capitalized with $360 million in commitments, primarily from institutional
investors, including several insurance companies, funds-of-funds, domestic and
international family offices, endowments, pension funds and diversified asset
management groups. The firm’s professionals
also made a significant commitment to the new fund. Fund V is the successor to DFW Capital
Partners IV, L.P., which held its final closing in December 2013 with $162.5
million of commitments.
Keith W. Pennell, Managing
Partner of DFW commented: “We are delighted to close our fifth investment
partnership in relatively short order and welcome several new high quality
institutional investors to our limited partner ranks. We also deeply appreciate the continued
support of our existing limited partner base.
DFW will maintain its proven strategy of investing in high growth lower-middle
market businesses and working closely with management to build industry leaders.”
Griffin Financial Group, LLC
acted as placement agent for Fund V.
Paul Delaney, Senior Managing Director of Griffin commented: “We congratulate DFW on the closing of Fund V
after less than six months in the market.
We were privileged to once again work with the firm’s outstanding team and
their quick fundraise is a testament to their disciplined strategy and excellent
DFW is actively seeking new
platform investments in growing service companies, including healthcare
services, general business and industrial outsourcing services and
opportunities specific to the specialty pharmaceutical sector. DFW seeks to invest $15-$50 million of its
own capital in each opportunity, but can lead significantly larger deals with
the support of its institutional co-investors.
About DFW Capital Partners
DFW Capital Partners is a private equity investment firm focused on
lower middle-market companies. The firm
concentrates on service companies, with an emphasis on healthcare and
outsourced business and industrial support services. DFW has established a 20+ year track record
of success in both building leading companies, and recognizing outstanding
returns for its investors. DFW is headquartered in Teaneck, NJ, and maintains
an office in Chevy Chase, MD. For more information contact Keith Pennell, Managing
Partner, at (201) 836-6000.