Carr’s Hill Capital Partners Management – a New Orleans-based private equity firm dedicated to growing family- and founder-owned businesses in the industrial and infrastructure services sectors – announced the final closing of Carr’s Hill Fund I at $210 million. Raised in about 9 months, Fund I was oversubscribed, exceeding its $175 million target.
Along with strong support from existing investors, Fund I received commitments from a diverse group of new institutional investors, including endowments, insurance companies, fund-of-funds, asset managers, family offices, founders, and executives across North America.
Launched in 2019 by Managing Partner H. David de Lauréal, Carr’s Hill transitioned from its roots as an independent sponsor to launching Fund I, building on its track record of partnering with entrepreneurial operators. Fund I will deploy capital into family- and founder-led companies ranging from $5 million to $15 million of EBITDA in the industrial and infrastructure services sectors, leveraging Carr’s Hill’s deep regional expertise and hands-on approach to drive operational excellence and sustainable growth.
Carr’s Hill’s growth and experience since its founding in 2019 includes 10 talented team members, four active platform investments, and nine add-on acquisitions. And the firm’s investment approach centers on the Gulf Coast’s distinctive ecosystem, targeting companies with strong fundamentals and untapped potential in industries critical to the region’s and broader U.S. economy. Carr’s Hill’s disciplined and relationship-driven model is the foundation on which it has built a reputation as a trusted ally to founders and families navigating succession or growth challenges.
The Piper Sandler & Co. private capital advisory group, Aviditi Advisors, served as the exclusive placement agent for this fundraiser, and Latham & Watkins LLP provided legal counsel.
KEY QUOTES:
“The lower-middle market, especially throughout the Southeastern U.S., remains a very attractive segment of the market. We are grateful for the continued support of our investors and proud of the disciplined approach of our growing team at Carr’s Hill. Our inaugural raise positions us to accelerate our strategy of providing not just funding but strategic and operational support to build enduring businesses in the true lower-middle market.”
- Managing Partner H. David de Lauréal
