Angeles Equity Partners LLC – a private investment firm focused on value creation through operational transformation – announced the final closing of Angeles Equity Partners II, L.P. and its parallel funds with total capital commitments exceeding its target of $500 million.
This Fund is comprised of a diverse set of institutional investors from across North America, Europe, and Asia and includes endowments, foundations, public pension plans, fund-of-funds, and family offices.
Consistent with the first fund, Angeles will continue to execute its strategy of transforming underperforming industrial businesses in North America through seasoned investment acumen, deep sub-sector insight, and comprehensive operational engagement. And the Fund is over 50% larger than the previous vintage, bringing total capital commitments to nearly $1 billion. Angeles already committed capital to four platform investments in the new fund: Agile Occupational Medicine, Precision Surfacing Solutions, Data Clean, and Custom Goods.
KEY QUOTES:
“We are incredibly grateful for the strong support and partnership of our Fund II investors and feel it is a true recognition of our investment strategy, ability to deliver value across the industrials landscape, and the institutional-quality firm we have thoughtfully constructed to capitalize on the incredible opportunity in the industrial sector.”
— Timothy Meyer, co-founder and managing partner of Angeles Equity Partners
“There are a number of attractive market fundamentals currently at play which we feel bolster our strategy and look forward to capitalizing on them for our investors as we continue our mission to be the leading middle-market industrials firm.”
— Jordan Katz, co-founder and managing partner of Angeles Equity Partners
