Halifax Raises $650M For Fourth Private Equity Fund

Oct 18 2017 | 8:53pm ET

Private equity company Halifax Group has raised $650 million in capital commitments for its fourth buyout fund, exceeding its original target of $550 million. 

The new fund, named Halifax Capital Partners IV, was oversubscribed and met its hard cap of $650 million, the company said in a statement. Investors, 90% of which have participated in prior Halifax funds, include a diverse group of public and private pension funds, endowments and foundations, funds of funds, family offices, and insurance companies.  

As with its prior funds, Fund IV make investments alongside managers of growing, entrepreneurial companies primarily in outsourced business services, including supply chain services, franchising, health and wellness services, and infrastructure services throughout the United States and Canada.  

The company’s third fund raised $393 million in November 2012. 

Headquartered in Washington DC and founded in 1999 by former Carlyle Group partner David Dupree and TPG Capital founder David Bonderman, The Halifax Group partners with managers and entrepreneurs to recapitalize and grow lower middle-market businesses with total enterprise values generally between $50 million and $250 million. The company has invested in 59 companies since inception. 

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