StoneTree Investment Partners – a lower middle market private equity firm specializing in buy-outs of industrial and manufacturing businesses in the United States and Canada – announced the first-and-final closing of its debut fund, StoneTree Investment Partners Fund I, LP, with total capital commitments of $155 million.
Even though it is a difficult fundraising environment, the fund was oversubscribed and successfully reached its hard cap in just over two months of fundraising. And StoneTree Investment Partners Fund I, LP received commitments from a diverse group of leading institutional investors, including investment funds, family offices, foundations, pension funds, endowments, and OCIOs.
StoneTree Investment Partners Fund I will be focusing on acquiring controlling equity interests in lower middle market industrial businesses, with a particular emphasis on manufacturing companies. And the fund aims to utilize StoneTree’s operational capabilities and industry expertise to drive profit growth in its partner companies while creating attractive career opportunities for the employees of those companies.
McGuireWoods served as legal counsel to StoneTree during the fundraise.
KEY QUOTES:
“We are thrilled to partner with a remarkable group of blue-chip institutional investors, including multiple long-standing relationships. We are grateful for the opportunity to support the respective missions of world-class institutions as we pursue StoneTree’s own mission and purpose of Transforming Industrials. Investing in People.”
- Joel Stanwood, Partner at StoneTree
“We appreciate the bespoke and curated process the Pacenote team delivered. They seamlessly conducted a process with a high degree of efficiency that allowed our team to close a new investment and pursue several other opportunities, while expanding relationships with exceptional investors known for investing in emerging managers.”
“StoneTree is proud to have McGuireWoods as our fund counsel and trusted advisor, and we appreciate the excellent work the firm delivered on our behalf.”
- Chris Dupré, Partner at StoneTree
