CIVC Partners (CIVC), a Chicago-based middle market private equity firm, has completed fundraising for its latest fund, CIVC Partners Fund VII (Fund VII), which with $870m in capital, surpassing its initial $700m target.
Launched in June 2023, Fund VII was oversubscribed and secured support from a diverse group of existing and new investors, including insurance companies, fund of funds, pension programs, foundations and endowments, and family offices located across North America and Europe.
Fund VII’s predecessor fund, CIVC Partners Fund VI, closed in November 2020 with $560 mimlion of total commitments, and currently has invested in 9 portfolio companies and 17 add-on acquisitions since being activated in July 2021.
Led by investment partners John Compall, Marc McManus, Chris Perry, Doug Potters, Scott Schwartz, and JD Wright, CIVC makes buyout and growth equity investments in the lower middle market, targeting business services companies with EBITDA levels above $5m located in the United States and Canada.
Consistent with prior funds, Fund VII will employ CIVC’s immersion-based sourcing strategy to invest in growing companies and partner with founder-led management teams to drive value through organic growth, new products/channels, greenfield expansion, and selective add-on acquisitions.
M2O Private Fund Advisors (M2O) served as placement agent, while Kirkland & Ellis LLP served as legal counsel.
