Anacapa Partners, a private equity firm focussed on acquisitions in the lower middle market, has held the closing of Anacapa Partners III (Fund III) with USD79 million in commitments.
Anacapa Partners focuses exclusively on search fund investments, providing a vehicle for aspiring entrepreneurs to find, acquire, manage and grow businesses. Long-established and highly experienced in employing the search fund model, Anacapa seeks to create superior returns for all constituencies through revenue growth, operational efficiencies, scale, modest use of financial leverage, and improved management techniques. Anacapa works closely with the entrepreneurs, typically recent graduates of top-tier MBA programs as well as military veterans, in all phases of the investment process, including business screening, due diligence, negotiation of deal structure, operating oversight, and exploration of exit strategies.
“We are pleased to complete this fund raise and excited to continue partnering with individuals, including elite talent that has transitioned from the military, who seek to pursue an entrepreneurial path,” says Jeff Stevens, Founder and Managing Partner, Anacapa Partners. “Given changing demographics in the U.S. and the increased need for baby boomers to transition out of business operating roles, we see continued opportunity for employing the search fund model. With the successful raise of Fund III in an increasingly competitive market, we sincerely thank our investors, operators, advisors and all those with whom we partner for their continued commitment to Anacapa.”
Anacapa seeks to invest in profitable businesses with predictable, stable and recurring revenue and with the potential for continued meaningful growth. Founded in 2010, Anacapa has raised USD120 million across its three funds and invested in 45 businesses.
“Along with deep knowledge of search fund investing, Anacapa Partners has a well-earned reputation for working collaboratively with entrepreneurs to drive true value creation in promising companies,” says Colby Lane, CEO, PEC Safety. “After investing in PEC in November 2014, Jeff and Managing Director Ashley Giesler served on PEC’s board and provided continued guidance and support on all aspects of operating and growing our business, with demonstrable positive results, culminating in our recent sale to Thoma Bravo.”
Cooley LLP served as fund formation counsel for Anacapa Partners III LP.