Private equity firm Brynwood Partners has completed the first and final close of its latest fund, Brynwood Partners VII, with USD400m of committed capital.
"We are both pleased and proud to announce the first and final close of Brynwood VII with USD400m of committed capital, the largest fund in our 29 year history," says Hendrik J Hartong III, senior managing partner. "We are fortunate to have been able to reach our hard cap target with one close. The high level of interest in our Fund from the investment community validates our belief that returns in the lower middle market are primarily driven by operational improvements at the portfolio company level."
Brynwood Partners is actively pursuing new platform investments for Brynwood VII.
"We received strong support from our existing limited partner base and appreciate their continued commitment to Brynwood Partners. We will continue to evaluate add-on acquisition opportunities for our five portfolio companies in Brynwood Partners VI and will be seeking new platform investment opportunities for Brynwood VII," says Ian B MacTaggart, managing partner.
