Perella Weinberg Partners has held the final closing of its USD600 million PWP Growth Equity fund.
The fund exceeded the original USD400 million target and met the revised cap of USD600 million.
PWP Growth Equity is a private equity investment strategy focused on primarily US-based growth-oriented companies in the lower middle market, spanning the consumer, services and industrial sectors. The fund was co-founded by partners David Ferguson and Chip Baird, who joined the firm in 2012. Ferguson and Baird have worked together for over a decade and have more than 40 years of combined experience in private equity investing.
Ferguson says: “We are thrilled to announce the final close of the PWP Growth Equity fund and are especially excited about the quality and breadth of our investor base. We feel strongly about the opportunities to create value through growth in the lower middle market.”
Baird adds: “By forming partnerships with management teams, we seek to leverage our expertise and resources to help companies in the lower middle market realise their growth potential. David and I have worked together for over 10 years and we look forward to building on our record of creating value.”
