Middle market private equity fund Calera Capital has held the final close of its fifth fund, Calera Capital Partners V. The Fund closed well above its original USD500 million target, with USD555 million of total capital commitments.
“Calera Capital appreciates the continued strong support of its existing institutional partners and welcomes a select group of new high-quality investors,” says Jim Farrell, Managing Partner at Calera. “The strength of this close is a validation of our 26-year strategy of investing alongside and partnering with strong, existing management teams and founders in the business services, industrial sectors and other related industries.”
Fund V is a continuation of Calera’s strategy of investing in founder, family and management-owned businesses where the firm believes it can work as a partner to deliver substantial strategic and operational value creation. The Fund is targeting investments between USD100 million and USD750 million in middle-market platforms.
Mark Williamson, Managing Partner at Calera Capital, adds: “Fund V represents the latest milestone in the execution of our proven strategy. The firm has built a differentiated platform in the middle market and assembled an exceptional team of investment and operating professionals who are committed to delivering positive outcomes for our partners. Calera has strong momentum and has already completed five high-quality platform investments on behalf of Fund V.”
