Carr’s Hill Capital Partners Management (Carr’s Hill), a New Orleans-based private equity firm focused on family- and founder-owned businesses in the industrial and infrastructure services sectors, has closed its first fund at $210m.
Raised in approximately nine months, Carr’s Hill Fund I (Fund I) was oversubscribed, exceeding its $175m target.
In addition to strong support from existing investors, Fund I received commitments from a diverse group of new institutional investors, including endowments, insurance companies, fund-of-funds, asset managers, family offices, founders, and executives across North America.
Fund I will deploy capital into family- and founder-led companies, generally ranging from $5m to $15m of EBITDA, in the industrial and infrastructure services sectors, leveraging Carr’s Hill’s deep regional expertise and hands-on approach to drive operational excellence and sustainable growth.
The Piper Sandler & Co private capital advisory group, Aviditi Advisors, served as the exclusive placement agent for this fundraise, and Latham & Watkins provided legal counsel.
