WILsquare Capital, a lower-middle market private equity firm, has held a final close on WILsquare Capital Partners Fund II, at USD190 million. The fund’s USD150 million target was significantly oversubscribed within three months of fundraising.
Managing Partner Bill Willhite says: “We are pleased with the quick response received from investors, which we believe is indicative of the quality investments and strategies deployed since we began WILsquare Capital. Fund II received significant support from existing Fund I investors and includes a substantial number of new relationships. Our investor base is reflective of the broader market, including endowments, foundations, fund of funds, family offices and other institutional investors.”
Jamie Wilmsen, Partner, added, “The ability to partner with such a distinguished list of investors is a testament to our team, culture and processes built at WILsquare Capital over the past thrtee-and-a-half years. This second fund will allow us to continue our efforts in becoming a premier lower-middle market investor and strategic advisor.”
Fund II will continue the WILsquare Capital investment strategy to invest in lower-middle market businesses located primarily within the Midwest and Southern United States.
Winston & Strawn LLP provided legal counsel to WILsquare Capital on the fundraise.
