Flexpoint Ford Raises $950M Third Fund in Three Months

Aug 12 2015 | 2:59pm ET

Flexpoint Ford has closed on its third private equity fund, raising $950 million in the main vehicle along with $317 million in a special assets fund.

The initial targets for Flexpoint Fund III was $750 million, with $250 million targeted for the special assets fund.

Fund III plans to invest in minority and majority equity stakes in financial services and healthcare companies, according to a press release. The Fund can invest up to $200 million in a single transaction, and has the ability to invest in larger transactions with the support of its limited partners.  

The company’s experience includes investments in both minority and control structures across private and public companies.  With the special assets fund, it also has the ability to invest directly or indirectly in pools of financial assets, such as loans, leases, books of insurance and other assets associated with financial services companies.

“We are delighted with the success of the fundraising for Fund III and the Special Assets Fund,” said Don Edwards, CEO of Flexpoint Ford, in a statement.

Edwards added 90% of the new funds’ commitments came from existing investors in what was only a three-month fundraising process.

Founded in 2005, Chicago-based Flexpoint Ford has more than $2 billion in assets under management invested across more than 25 companies.

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