Saothair Capital Partners recently announced the final closing of its inaugural fund, Saothair Fund I, L.P., with $125 million in investor capital commitments. This closing came less than five months after launching the fundraising process and was well over its initial target.
Saothair is a PE investment firm focused exclusively on making control investments in manufacturing companies through complex corporate carve-outs, bankruptcies, out-of-court restructurings, turnarounds, and other special situations. And the Saothair team utilizes their decades of operational experience in manufacturing to assist their portfolio companies in driving continuous improvement in all aspects of their business.
Saothair received capital commitments from a group of highly respected institutional limited partners that includes several college and university endowments, single- and multi-family offices and outsourced CIOs. And Pacenote Capital LLC served as an exclusive placement agent for Saothair in connection with the fundraising.
McGuireWoods LLP provided legal counsel in connection with the fundraising and IQ-EQ served as fund administrator.
KEY QUOTE:
“We are humbled to have received such strong interest in our inaugural committed-capital fund. It was important to us as we embarked on this process to partner with the right group of investors, who understood and shared our enthusiasm for the unique nature of our investment strategy and who were looking for a long-term partnership with our firm. We are eternally grateful to Pacenote for their belief in us and our team, and for partnering with us to bring together this outstanding group of institutional investors.”
– Kevin Madden and Richard Lozyniak, Co-Founders of Saothair
