CenterOak Partners LLC (CenterOak), a Dallas-based private equity firm, today announced the closing of CenterOak Equity Fund II (Fund II) with total equity commitments of USD690 million. Fund II was oversubscribed, exceeding its USD575 million target and closed at its hard cap.
Fund II will continue the firm’s strategy of investing alongside managers of attractive middle market companies in the business services, industrial growth, and consumer sectors across the US Fund II received investments from public and private pension funds, endowments, foundations, funds of funds, family offices and insurance companies.
“We are very pleased and honored to have received such strong support from existing and new investors,” says Randall Fojtasek, Chief Executive Officer and Managing Partner of CenterOak. “We are thankful for the confidence and long-term commitment of our limited partners and look forward to working alongside our investors to create value for our stakeholders and management teams.”
The CenterOak team has extensive investment and operating experience in the business services, industrials, and consumer industries, having managed over USD2.4 billion of equity in more than 100 transactions with a total transaction value in excess of USD6.4 billion.
Credit Suisse Securities (USA LLC) acted as exclusive advisor and placement agent for Fund II, and Gibson, Dunn & Crutcher LLP served as legal counsel to CenterOak.