Windjammer Capital Investors (Windjammer), a private equity investment firm focused on control equity investments in middle-market businesses, has closed its sixth fund, Windjammer Capital Fund VI (Fund VI), at its hard cap with $1.3bn in capital commitments.
The fund, which exceeded its initial target of $1bn, is 48% greater than the firm’s $870m predecessor vehicle.
Windjammer has now raised and managed more than $3bn of capital targeting control-oriented equity investments and has completed more than 60 platform investments and 160 strategic add-ons throughout its history.
New and returning investors in Fund VI include private and public pensions, family offices, insurance companies and asset managers.
In keeping with its predecessor fund, Fund VI will focus on acquiring businesses with leading positions in niche addressable markets that provide mission-critical products or services. Target platform companies are typically between $10m and $50m in operating profit.
According to a press release, Windjammer will also “leverage its deep middle market experience, accomplished and long-established team, and operationally-focused strategy to partner with management teams in its focus areas of advanced manufacturing, specialty distribution, and business services, developing customised strategies for growth.”
UBS Securities and Credit Suisse Securities (USA) acted as joint placement agents for Fund VI. Kirkland & Ellis provided legal counsel.
