Victor Capital Partners – a leading middle market private equity firm that partners with branded businesses in the specialty consumer, industrial technology, and business services sectors – announced the successful closing of its oversubscribed Victor Capital Partners Fund II.
With capital commitments of $310 million, Fund II surpassed its fundraising targets based on solid support from existing and new investors, including a diverse group of institutional limited partners.
Headed by experienced partners Douglas Korn, David Affinito, and Matthew McLain, Fund II will focus on leveraging Victor Capital’s disciplined, all-weather strategy of investing in fundamentally strong lower-middle-market businesses that possess defensive characteristics and the potential to unlock significant value regardless of the market cycle. The firm seeks to deploy roughly $25 million to $100 million of equity capital per transaction.
Victor Capital completed the first investment in Fund II earlier this year with its January 2024 acquisition of The Coats Company, a 76-year-old Nashville-based manufacturer and distributor of Coats-branded wheel service, alignment, inspection, lift, and shop productivity equipment and services from Vontier Corporation.
Lincoln International Private Funds Advisory served as the placement agent. Kirkland & Ellis served as fund counsel.
KEY QUOTE:
“There are so many great branded businesses across the lower middle market at inflection points in their lifecycles that we believe would benefit from the right strategic partner to help accelerate their growth trajectories. Our mission is to identify and collaborate with exceptional management teams, forming powerful partnerships to help them build businesses that are not only bigger and more profitable, but stronger, more resilient, and fundamentally more valuable. We are grateful for the confidence our investors continue to place in us to execute our investment strategy on their behalf and will continually strive to achieve shared long-term success.”
-Doug Korn, Founder and Managing Partner
