Southfield Capital Raises $200M For Oversubscribed Second Fund

Aug 3 2017 | 6:28pm ET

Southfield Capital has raised $200 million in capital commitments for its second buyout fund, hitting the hard cap and surpassing the pool’s $175 million target.

The new fund, named Southfield Capital II, was oversubscribed and attracted support from a diverse group of U.S., European and Middle Eastern family offices, fund of funds, insurance companies, public pensions and a private bank, the company said in a statement. 

Fund II will continue Southfield Capital’s strategy of making buyout investments in high-growth, lower middle market companies in the outsourced business services and specialty finance sectors, the statement added. The company raised $125 million for its debut fund in 2005.

Proskauer Rose acted as legal counsel to Southfield Capital, while Stonington Capital Advisors acted as the exclusive global placement agent for the fundraise.

Tracing its roots to 2002, Greenwich-based Southfield Capital was formed in 2005 and focuses on high-growth, lower middle-market companies in the outsourced business services and specialty finance sectors. The firm makes control investments in North American companies generating $4-12 million in EBITDA.

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