Windjammer Capital Investors – a national private equity investment firm focused on control equity investments in middle-market businesses – recently announced the closing of its sixth fund Windjammer Capital Fund VI at its hard cap.
Fund VI and affiliated funds closed at $1.3 billion in total capital commitments, exceeding the initial target of $1 billion and representing an increase of 48% greater than the firm’s $870 million Fund V. And Windjammer now has raised and managed over $3 billion of capital targeting control-oriented equity investments and has completed more than 60 platform investments and 160 strategic add-ons throughout its history.
The new and returning investors in Fund VI include private and public pensions, family offices, insurance companies, and asset managers.
The target platform companies typically have between $10 million and $50 million in operating profit. And UBS Securities LLC and Credit Suisse Securities (USA) LLC acted as joint placement agents for Fund VI and Kirkland & Ellis provided legal counsel.
Similar to the predecessor fund, Fund VI will focus on acquiring businesses with leading positions in niche addressable markets that provide mission-critical products or services. And Windjammer will continue to utilize its deep middle market experience, accomplished and long-established team, and operationally-focused strategy to partner with management teams in its focus areas of advanced manufacturing, specialty distribution, and business services, developing customized strategies for growth.
KEY QUOTES:
“The success of this fundraise was highlighted by the backing from both existing and new investors, who understand and value the model we’ve built which focuses on finding investments whose core investment attributes provide downside protection as well as significant upside. We’re very appreciative of our investors’ support, particularly given the challenging environment, and look forward to working hard to reward their faith in Windjammer.”
– Gregory Bondick, Managing Principal of Windjammer
“Investment in our operational resources has been critical to our partnerships with founders, entrepreneurs, and senior leadership teams at our portfolio companies. The capabilities our team brings for Fund VI, as with previous funds, are directed at helping our companies focus on growth and development and implementation of key operational initiatives that drive expansion of revenue and profits.”
– Jeffrey Miehe, Managing Principal of Windjammer
