Insignia Capital Group has announced the successful closing of its third private equity fund, with total capital commitments exceeding $500 million. The fund, known as Insignia Capital Fund III, exceeded its initial $375 million target and reached its hard cap, signaling robust investor confidence despite a challenging fundraising environment.
The oversubscribed fund attracted strong participation from existing limited partners, as well as a select group of new investors. Fund III will continue Insignia’s established strategy of pursuing control and influential minority investments in North American companies within the tech-enabled business services and consumable products sectors.
The firm plans to utilize the capital to partner with founders and management teams, accelerating growth through organic expansion and strategic mergers and acquisitions. This latest close further strengthens Insignia’s position as a leading growth-oriented private equity firm focused on building world-class businesses.
Support/counsel: Kirkland & Ellis acted as legal counsel on the transaction, while M2O Private Fund Advisors served as placement agent.
KEY QUOTES:
“Achieving this outcome in a challenging fundraising environment is a privilege and an affirmation of our strategy and the trust our limited partners place in us.”
David Lowe, Managing Partner, Insignia Capital Group
“Closing the fund is only the beginning—we recognize the significant responsibility we have to the foundations, endowments, pension plans and investors that have entrusted us to deliver strong performance on behalf of their beneficiaries.”
Tony Broglio, Managing Partner, Insignia Capital Group
