Stone-Goff Partners (SGP) has held the closing of Stone-Goff Partners Fund II, a private equity fund focused on investments in businesses within the consumer and services verticals.
Fund II will continue its predecessor’s successful lower middle market private equity investment strategy, generally investing between $6 million and $20 million in equity per transaction.
Following the initial closing, SGP is pleased to be in a position to deploy capital in attractive new opportunities, explained co-founder and partner, Hannah Stone Craven.
“We are thrilled to announce another milestone in the evolution of SGP and honoured by the reception we have received from new and existing investors,” says Craven.
The closing includes anchor investor Carl Marks & Co as well as other investment groups from the US and around the globe.
Leveraging a network of industry operating advisors, the Stone-Goff investment team has extensive investment experience, working closely with the management teams of its portfolio companies to enhance value. Stone-Goff Partners was founded in 2010 by Hannah Stone Craven and Laurens Goff, who bring decades of combined experience as private equity investors and strategic partners to lower middle-market companies. Collectively, the founders have invested more than USD200 million of capital into more than 30 companies in the lower middle market.
The firm recently announced its first Fund II investment, The Greene Turtle Sports Bar & Grille, a 41-unit, sports-themed casual dining restaurant chain based in Maryland with units stretching from Virginia to New York. “We continue to identify and invest in companies with a great track record of stable, profitable growth,” says co-founder and partner Laurens Goff. “And we look forward to announcing additional investments in the near term.”
