Chicago-based private equity firm Wind Point Partners announced the successful closing of its latest fund Wind Point Partners X. Fund X was closed at a hard cap with total commitments of $2.3 billion. This surpassed the fund’s $1.7 billion target.
The closing of Fund X coincided with Wind Point’s 40th anniversary and it also represents the firm’s largest fund to date, with a 50+% increase to the 2019 predecessor fund.
Wind Point will continue its long history of partnering with top caliber management teams for acquiring well-positioned middle market businesses with a clear path to value creation with this fund. Wind Point has built a reputation as a partner of choice for business owners and talented executives seeking more than just funds.
Since 1997, Wind Point utilized an executive-oriented partnership model to connect with top operating talent in private equity investments. For example, the firm’s Executive Advisor Partner (EAP) program is comprised of over 40 talented executives who are closely aligned with Wind Point and contribute across all aspects of the firm’s investment process. Wind Point’s Managing Directors average over 20 years of tenure at the firm. Since 1997, Wind Point’s buyout funds have completed 75 platform investments and over 300 add-on acquisitions.
Evercore acted as Wind Point’s global placement agent and Kirkland & Ellis LLP served as fund counsel.
KEY QUOTES:
“On behalf of the Wind Point team, we would like to convey our gratitude for the trust and partnership by so many quality institutions represented with Fund X. The success of this fundraise is a testament to the clarity and quality of our strategy, the strength and tenure of our team, and importantly, our consistent results. We believe Wind Point is extremely well-positioned for the long-term and we look forward to continued shared success with our valued partners.”
- Wind Point’s Managing Directors, Nathan Brown, Paul Peterson, Alex Washington, Konrad Salaber and Joe Lawler
“I want to thank our partners in Fund X for their outstanding support. Fund X represents our largest and most diverse investor base to date, which was enabled by the strong foundation of our repeat partners – some of whom have been investors with us for nearly three decades.”
- Nathan Brown
“With Fund X we were able to add significant new capital from sophisticated institutions representing more than ten countries around the world. This is an exciting time for our firm and the team is extremely energized to be in such a strong position to continue delivering for our investors.”
- Ron Liberman, Wind Point’s Head of Investor Relations
