Valeas Capital Partners, a private equity firm founded in 2021 by former Hellman & Friedman executives Rob Little and Ed Woiteshek, has closed its inaugural institutional fund with over $600m in commitments, according to a report by Bloomberg.
With this latest fundraise, the San Francisco-based firm now manages approximately $1.2bn in total assets.
Valeas specialises in lower-middle-market companies across professional and financial services, healthcare, and technology and information services. The firm is flexible in its approach, pursuing both minority and majority deals with investment sizes ranging from $50m to $140m or more, depending on co-investors.
Almost two-thirds of the new fund has already been deployed, including an early investment in Cinqcare, a home healthcare company, where founder and CEO Tony Welters retained majority ownership.
