Seattle-based Evergreen Pacific Partners has closed its $275m buy-out fund, which will invest in traditional buy-outs, management-led buy-outs, and growth equity investments involving private, traditional, middle-market companies in the Western United States and Canada.
Foundations, endowments, corporate pension funds, public pension funds, fund of funds, and insurance companies have invested in the fund. Investors include West AM, the Public School Employee Retirement System of Pennsylvania, The Duke Endowment and Mass Mutual as well as 25 CEOs and executives.
T J McGill, one of the three managing partners at EPP, said, ‘Our investment focus is highly disciplined and relies on our team’s complementary skills and expertise.’
‘The Evergreen network runs deep in the Pacific Northwest and throughout the West. With over 6,000 companies in our target industries, located in the Western United States and two Western Canadian Provinces, we feel good about the opportunities for the companies we invest in, the fund, and our limited partners,’ McGill continues.
EPP’s investment targets are middle-market companies, which they define as companies generating $25-250m in revenues. The firm plans to build a balanced portfolio of companies in the sectors of manufacturing/distribution, packaging, media (radio and cable) and consumer products.
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