CIVC Partners, L.P. – a Chicago-based middle market private equity firm – recently announced the completion of fundraising for its latest fund, CIVC Partners Fund VII, with $870 million of commitments. Launched in June 2023, Fund VII was oversubscribed and surpassed its initial target of $700 million.
CIVC has received overwhelming support from a diverse group of existing and new investors, including insurance companies, fund of funds, pension programs, foundations and endowments, and family offices across North America and Europe. And Fund VII’s predecessor fund, CIVC Partners Fund VI, closed in November 2020 with $560 million of total commitments and currently has invested in 9 portfolio companies and 17 add-on acquisitions since being activated in July 2021.
Led by investment partners John Compall, Marc McManus, Chris Perry, Doug Potters, Scott Schwartz, and JD Wright, CIVC makes buyout and growth equity investments in the lower middle market, targeting business services companies with EBITDA levels of more than $5 million located in the United States and Canada. Consistent with the prior funds, Fund VII intends to employ CIVC’s immersion-based sourcing strategy to invest in growing companies and partner with founder-led management teams to drive value through organic growth, new products/channels, greenfield expansion, and selective add-on acquisitions.
M2O Private Fund Advisors served as placement agents, while Kirkland & Ellis LLP served as legal counsel.
KEY QUOTES:
“Being able to complete the fundraise in 120 days in this market demonstrates a strong endorsement of our team, sourcing strategy, value creation approach, and performance. We are grateful to our existing investors for their strong support and appreciate our new investors who value our strategy and process for creating strong returns.”
— John Compall, Partner
“Once again, the M2O team did a phenomenal job getting us in front of high-quality investors early on. They kept everyone focused and did an outstanding job bringing everything to completion in a quick time frame.”
— Chris Geneser, Partner and CFO
