Private equity firm The CapStreet Group has held the final closing of CapStreet IV.
CapStreet launched fundraising for CapStreet IV on 5 November 2013, with the opening of an electronic data room, held a first close in December 2013 with commitments of USD249.5 million and a second close in February 2014.
On 6 May 2014, CapStreet IV held a final close with total commitments of USD340 million, significantly above its USD250 million initial target.
Similar to the strategy of the firm’s previous fund, CapStreet III, CapStreet IV will continue to make control investments in privately held, lower middle market companies headquartered in Texas and surrounding states.
CapStreet targets industrial and diversified business service companies, with annual EBITDA between USD5 million and USD20 million.
