DC Capital Partners Management has held the final close of its first institutionally-backed private equity fund, DC Capital Partners Fund II, at its hard cap of USD450 million.
The fund was established to make control, private equity only investments in middle market, US based, government services and engineering & construction services businesses.
The fund targets equity investments of USD25 million to USD75 million in aggregate per platform and has significant equity co-investment capacity from the general partner and the limited partners to pursue larger investments.
The principals of DC Capital have been investing primarily in the target sectors for over 30 years. Since DC Capital’s founding in 2007, the principals have successfully invested over USD200 million of their own personal capital across multiple platforms in the target sectors.
The fund was established to leverage the general partners equity capital alongside partner capital to build a broader portfolio of differentiated, strategic businesses within the target sectors.
Champlain Advisors LLC served as exclusive global placement agent for the fund and Arnold & Porter Kaye Scholer LLP served as fund formation counsel.
