Harkness Capital pulls in $109m for first fund

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Manufacturing-focused Harkness Capital Partners has picked up $109m for its first private equity fund.

The New York investment house has yet to register a fundraising goal for the vehicle, an SEC filing shows.

Harkness typically targets lower middle market companies in the service-oriented and niche-manufacturing sectors.

The firm is led by partner Ted Dardani alongside operating investor John Thomson.

Dardani was previously a partner at Oak Hill Capital Partners according to his LinkedIn page.

Last month Iowa-based Midwest Growth Partners closed its oversubscribed second fund on $113.5m to invest in the manufacturing, food & agriculture, distribution & logistics and business services sectors.

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