- St. Louis-based private equity firm WILsquare Capital has closed its oversubscribed second fund at $190 million thus beating its $150 million target
WILsquare Capital — a St. Louis-based private equity firm that is focused on acquiring lower-middle market businesses in the Midwest and Southern U.S. — has closed its oversubscribed second fund at $190 million thus beating its $150 million target. And WILsquare’s $150 million target was significantly oversubscribed within three months of fundraising.
The fund investors include endowments, foundations, fund of funds, and family offices. Winston & Strawn LLP had provided legal counsel to WILsquare Capital on the fund.
“We are pleased with the quick response received from investors, which we believe is indicative of the quality investments and strategies deployed since we began WILsquare Capital. Fund II received significant support from existing Fund I investors and includes a substantial number of new relationships. Our investor base is reflective of the broader market, including endowments, foundations, fund of funds, family offices and other institutional investors,” said WILsquare Capital Managing Partner William Willhite.
The Fund II will continue the WILsquare Capital investment strategy to invest in lower-middle market businesses located primarily within the Midwest and the Southern United States.
“The ability to partner with such a distinguished list of investors is a testament to our team, culture, and processes built at WILsquare Capital over the past 3 ½ years. This second fund will allow us to continue our efforts in becoming a premier lower-middle market investor and strategic advisor,” added WILsquare Capital co-founder and partner James “Jamie” Wilmsen.
