New York-based private equity firm Blue Wolf Capital Partners has closed on USD300m in limited partner equity commitments for its latest fund, Blue Wolf Capital Fund III.
The fund’s investors, which are primarily located in the US and Europe, include foundations, endowments, fund of funds and public, corporate, and Taft-Hartley pension funds.
The fund was oversubscribed relative to its hard cap of USD300m. Blue Wolf now manages over USD460m in capital and capital commitments.
Through Fund III, Blue Wolf will continue to execute its strategy of taking control stakes in middle market companies based in the US and Canada, and working with those companies to resolve complexities and achieve sustainable growth. Blue Wolf invests in businesses whose value can be increased by constructive resolutions of complex challenges, particularly those involving financial or operational distress, troubled labour relations, or governmental or regulatory issues. To date, Fund III has already made investments in Twin Rivers Paper Company and Suwannee Lumber Company.
Adam Blumenthal (pictured), managing partner of Blue Wolf, says: "We are delighted with the global, high quality investor base which has joined us in Fund III. My partners, Michael Ranson and Charlie Miller, and I, along with our growing team, value their support. We are pleased with the first two portfolio companies Fund III has acquired, and we look forward to continuing to use our operational and financial resources to transform and revitalize companies and ensure their competitive future."
Stanwich Advisors acted as the exclusive placement agent and financial advisor for the fund. Proskauer Rose served as counsel.
