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.


In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

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

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...

 

FINalternatives Trending

From the current issue of