CIVC Partners Hits $400M Hard Cap With Fifth Middle Market PE Fund

May 23 2017 | 11:11pm ET

CIVC Partners has raised $400 million in capital commitments for its fifth middle-market private equity fund, easily eclipsing its target of $375 million.

The new fund, named CIVC Partners Fund V, closed at its hard cap, the company said in a statement. It will invest in buyout and growth equity investments primarily in lower middle-market business and financial services opportunities. 

Atlantic-Pacific Capital, among the largest independent advisory firms dedicated to raising capital for alternative investments, served as placement agent. 

Fund V was supported by a diverse group of existing and new investors, according to the statement, including pension programs, university endowments, foundations, family offices, and financial institutions located across the U.S., Europe, and Asia. 

“CIVC represents a combination of leadership, experience, and success not easily found in firms managing sub-$500 million funds,” commented John Chase, partner at Atlantic-Pacific Capital. “Over the past two decades, the firm has developed a sub-sector Immersion strategy to create and maintain critical competitive advantages in sourcing and driving growth in lower middle market companies.” 

Founded in 1970, CIVC Partners is a Chicago-based private equity firm investing in high growth middle market companies in the business services and financial services sectors. Since 1989, the team has invested more than $1.5 billion in 60 platform companies and had 51 realizations. 

In Depth

Q&A: Portfolio Advisors' Brian Murphy On The Advantages of A Private Markets Platform

Jan 2 2018 | 11:05am ET

Most private markets firms reference their platforms as a source of competitive...


CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: The Top Hedge Fund Industry Trends for 2018

Jan 2 2018 | 12:22pm ET

Each year, Don Steinbrugge’s Agecroft Partners compiles the insights gained...