Insignia Capital Group Raises $358M For First PE Fund

Jan 7 2016 | 7:44pm ET

Insignia Capital Group has closed its inaugural private equity fund with $358 million in commitments, above its target. 

Investment bank Sixpoint Partners was the exclusive placement agent for Insignia, which is a spinout from Friedman Fleischer & Lowe. The pool will invest in North American lower middle-market companies in the consumer, healthcare, and business services sectors, according to a statement from Sixpoint.

Investor interest was strong, and the oversubscribed fund ultimately received commitments from over 30 investors, including endowments, public pensions, consultants, insurance companies, family offices, fund of funds and others, noted the statement.

Insignia Capital Group was founded by former FFL co-founder David Lowe, who is Insignia’s chairman and CEO and partners Mel Deane and Tony Broglio.

“The successful fundraise is the result of several key factors combined with the effective marketing partnership between Insignia and Sixpoint Partners,” said Lowe in the release. “Insignia greatly appreciates the interest and support from limited partners in our strategy, and we are off to a great start with our first two investments.”

“Insignia put together an impressive team and proven investment strategy that generated strong demand from new investors looking for operationally-focused funds in the market,” said Eric Zoller, co-founder & partner of Sixpoint.

San Francisco-based Insignia was founded in 2011 and focuses on investing in lower middle-market businesses where it can partner with leading management teams.

Sixpoint Partners, meanwhile, focuses on a diversified set of services and solutions for the middle-market private equity industry, including primary fund placement, secondaries advisory and co-investment placements. 

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