Post Capital Raises $52M For Lastest PE Fund

May 20 2014 | 9:50am ET

New York-based private equity firm Post Capital Partners has raised $52 million for its latest fund.

The firm announced the first closing of Post Capital Equity Partners III, which has a target size of $100 million.

Led by Michael Pfeffer and Mitch Davidson, Post Capital works with talented operating executives to identify attractive growth businesses that can be materially improved and repositioned to drive significant returns to investors.

Post Capital targets companies with attractive business models, with emphasis on repeat and recurring revenues, diverse customer bases and strong service components. The firm typically targets companies with revenue from $10-100 million and a minimum of $2 million of EBITDA.

The Post Capital Equity Partners III fund has completed its first investment—the acquisition of EC Waste, Puerto Rico's leading waste management provider—working with EC Waste CEO Randy Jensen.

Said Davidson in a statement “We are very pleased with the reception that our fund has received to this point in the marketplace. At the same time, we remain focused on partnering with proven operators who share a clear vision to transform businesses and materially enhance shareholder value."

Post Capital has also partnered with Rafael Astruc of Garrison Securities who will invest in the fund and act as a strategic advisor helping to diversify and expand Post Capital’s investor base.

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