- Silver Oak Services Partners — a lower-middle market private equity firm — has completed the fundraising for Silver Oak Services Partners Fund IV, L.P. at $500 million
Evanston, Illinois-based Silver Oak Services Partners — a lower-middle market private equity firm — successfully completed the fundraising for Silver Oak Services Partners Fund IV, L.P. (“Fund IV”) with total commitments at the hard cap of $500 million. And following the closing of Fund IV, Silver Oak now has surpassed $1.1 billion in assets under management.
Fund IV had received strong support from both existing and new investors including corporate pension plans, fund of funds, insurance companies, endowments and foundations, public pension funds, and family offices. And Forum Capital served as a strategic advisor and placement agent to Silver Oak.
Silver Oak was founded in 2005 and it will continue to execute its disciplined investment strategy focused exclusively on control investments in targeted sectors of the business, healthcare, and consumer services industries. The firm’s team of investment professionals have more than 100 years of combined private equity experience — which is actively looking for new opportunities to invest in proven lower-middle market companies with $4-25 million of EBITDA.
Executives at Silver Oak Services include Dan Gill (managing partner), Gregory Barr (managing partner), Wade Glisson (partner), Andrew Gustafson (principal), Dan Wellman (Vice President), Taylor Wood (Vice President), Molly Williams Martin (Vice President), Lynn Lipsig (VP of Investment Research), and Katie E. Perry (VP of Finance and Chief Compliance Officer).
Kirkland & Ellis had advised Silver Oak Services in the closing of the Fund IV. The Kirkland Team was led by investment fund partners Jeffrey Kaplan, Matthew Nadworny, and Laura Stake and it included investments funds associate Christine Wilson.