Angeles Equity Partners holds debut fund’s first close at $90m

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hamburg-889659_1920Angeles Equity Partners, a US PE firm set up by two ex-Gores Group managing directors, has had the first close of its debut fund at around $90m.

The information emerged at the end of last week when Thomson Reuters and The Wall Street Journal reported about the close, citing sources with knowledge of the matter.

Angeles Equity Fund I, targeting $300m, was launched in September last year.

Angeles Equity Partners was set up two years ago by Jordan Katz and Tim Meyer who had recently left Gores Group.

The firm is said to target mid-market deals in the industrials sector, and has tapped Moelis & Co and GCA Savvian as placement agents for the fund.

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