DC Capital Partners Hits $450M Hard Cap With First Institutional PE Fund

May 25 2017 | 11:45pm ET

DC Capital Partners Management has raised $450 million in capital commitments for its first institutionally backed private equity fund and its second vehicle overall. 

The new fund, named DC Capital Partners Fund II, closed at its hard cap, the company said. It will make control, private equity-only investments in U.S. middle market companies in the government services and engineering & construction services businesses. Equity investments will range from $25 million to $75 million apiece, DC Capital added, and the Fund II has significant equity co-investment capacity from the GP and LPs in order to pursue larger investments if need be. 

Since DC Capital’s founding in 2007, the firm’s principals have successfully invested over $200 million of their own personal capital across multiple platforms in the company’s target sectors. The new fund was established to leverage this equity capital alongside partner capital to build a broader portfolio of differentiated, strategic businesses, DC continued. 

Champlain Advisors LLC served as exclusive global placement agent for the fund; Arnold & Porter Kaye Scholer LLP served as fund formation counsel.

Founded by former Veritas Capital Management partner Thomas Campbell, DC Capital is headquartered in Alexandria, VA and makes control investments in middle market, U.S.-based, government services and engineering & construction services businesses. 

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