Seaport Capital Raises $230M For Oversubscribed Fifth Buyout Fund

Aug 22 2017 | 10:35pm ET

Seaport Capital Partners has raised $230 million in capital commitments for its fifth lower middle-market buyout fund, surpassing both its target and its hard cap. 

Limited partners for the new vehicle, named Seaport Capital Partners V, reportedly included institutional investors, family offices, endowments, and high-net worth individuals. 

Like its predecessors, Fund V will concentrate on primarily control investments into lower middle-market opportunities in the communications, business and information services and media sectors via equity commitments of between $10 and $25 million. The fund has already invested in three companies, the statement added, drawing more than $67 million from the fund’s total.

Locke Lord served as Seaport’s fund counsel, the statement added. Sparring Partners served as Fund V’s placement agent.

Founded in 1997 and headquartered in New York, Seaport Capital invests in lower middle-market companies with recurring revenue business models in the communications, business and information services and media sectors. 

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