PWP Growth Equity has completed fundraising for PWP Growth Equity Fund II, which closed at its hard cap with total commitments of USD750 million, surpassing its USD600 million fundraising target.
PWP Growth Equity manages two funds with USD1.350 billion in aggregate commitments.
PWP Growth Equity focuses on investing in growth-oriented, lower middle market companies across the consumer, industrial and services sectors. It seeks to partner with existing owners and management teams, delivering capital in a variety of structures, while also providing the benefit of the team’s extensive experience to help companies execute on their growth objectives and plans for value creation.
David Ferguson, co-head of PWP Growth Equity, says: “We are excited to announce the successful fundraise of PWP Growth Equity Fund II and are thankful to both the existing and new limited partners who participated. The strong interest in the Fund reflects investor confidence in our strategy, which begins with partnership and leverages our expertise to help companies in the next phase of their evolution.”
Chip Baird, co-head of PWP Growth Equity, says: “PWP Growth Equity Fund II extends our ability to partner with uniquely differentiated and competitive businesses to help them achieve significant growth. We are pleased that our investors share our enthusiasm for the attractive investment opportunities currently available in the lower middle market.”
Terry Meguid and Aaron Hood, co-heads of asset management at Perella Weinberg Partners, say: “Identifying attractive investment opportunities and delivering strong results to support our investors’ needs has been a central focus of the team. We are thrilled with their continued success. This fund builds on the momentum achieved by PWP Growth Equity Fund I and is a great representation of the distinct investment solutions PWP offers clients.”
