WestView Capital Partners, a Boston-based growth equity firm, has closed its oversubscribed fifth fund, WestView Capital Partners V (Fund V), at its target and hard cap of $1.0 billion of limited partner commitments.Â
WestView Capital Partners (WestView), a Boston-based growth equity firm, has closed its oversubscribed fifth fund, WestView Capital Partners V (Fund V), at its target and hard cap of $1.0 billion of limited partner commitments.
Fund V will continue to focus on WestView’s strategy of making minority and majority investments in growth companies that are typically founder owned and managed and have not previously raised institutional capital. WestView will target investments in business services, IT services, healthcare technology and outsourcing, software, and growth industrial companies.
Since its launch in 2004, WestView has invested in 54 companies and has had 32 realisations representing over $2.2 billion in cash proceeds.
Fundraising for Fund V began in September 2022 with WestView saying that the fund secured strong support from its existing investor base, while also adding a limited number of new institutional investors. Investors in Fund V include endowments, pension funds, foundations, fund of funds and family offices as well as over 40 former and current WestView portfolio company executives.
Goodwin Procter advised WestView on the fund formation.
