TELEO Capital Management (TELEO), an operationally focused private equity firm, has closed TELEO Capital at its hard cap of USD250 million.Investors in the Fund include a blue-chip roster of leading institutional limited partners, such as endowments, insurance companies, pension funds, fund of funds and family offices.
“We are honoured to welcome such high-caliber institutional investors as long-term partners, and we are grateful for their overwhelming support and confidence amidst a highly competitive fundraising market,” says TELEO Capital.
The Fund will invest in businesses based primarily in North America and Europe with a focus on special situations and corporate divestitures. In particular, the Fund will pursue investment opportunities where it can leverage its operational team to create value in the technology & software, healthcare IT, business services and industrial sectors.
The Fund’s placement advisor was GCA Advisors, LLC and counsel was Goodwin Procter LLP.