Accretive Raises $125M Secondary Buyout Fund

Jul 25 2008 | 8:52am ET

Boston- and West Palm Beach, Fla.-based private equity firm Accretive Exit Capital Partners, has closed its first fund with commitments of $125 million. 

Accretive Exit Capital Partners will focus on buying assets directly from blue-chip mid-market buyout funds. The fund will target a diversified pool of later-stage growth companies among vintage 1999 through 2003 funds.

"We only seek to purchase high quality growth assets that are under-levered [less than 2.5 times debt to EBITDA] and growing earnings at a double digit rate, to date these assets had plenty of options for liquidity, today we're the most attractive option” said Drew Reilly, a founding partner of Accretive Exit Capital.

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