Westhook Capital (Westhook), a Los Angeles-based private equity firm focused exclusively on the lower middle market, has held the final closing of its inaugural fund, Westhook Capital Partners, with USD140 million in commitments.
Westhook is led and founded by industry veteran Michael Hooks, who was previously the co-founder of Black Canyon Capital, a Los Angeles-based private capital firm which completed more than USD1.0 billion of investments across various industries.
Westhook focuses on buy-outs of US based lower middle market companies within the consumer, industrial, business services and healthcare services sectors that can benefit from the firms’ hands-on, operationally-focused and proven approach to value creation. Westhook targets companies with a solid track record of financial performance, a demonstrated ability to generate cash flow, defensible margins, and attractive growth prospects. In addition to Mr. Hooks, the Westhook senior team is comprised of seasoned investment professionals Wesley Knuth (Partner) and Nate Chandra (Managing Director and Head of Business Development).
“We are very pleased to complete this fundraise and to formally launch Westhook Capital,” says Michael Hooks, Managing Partner of Westhook Capital. “Our team is aggressively pursuing investments that fit with our strategy of partnering with management teams to drive growth initiatives, build high quality companies, and create lasting and impactful value. We sincerely thank our limited partners for their support, trust and confidence in the Westhook team, and we look forward to working collaboratively with our future portfolio companies as we seek to generate strong returns.”
Commitments to the fund came from a number of university endowments, family offices, other institutional investors, and Westhook’s senior professionals.
