Lower mid-market investor DFW Capital Partners has beaten its target for its fourth private equity fund by holding a $162.5m final close.
The firm held a $50m first close for the vehicle in November last year and had passed the $100m point in August according to previous AltAssets reports.
Fund IV’s total included a “significant “commitment from the general partner according to a statement from the firm.
It said the fund had already been tapped for a trio of investments in Information Innovators, Covenant Surgical Partners and Sebela Pharmaceuticals.
DFW managing partner Keith Purnell said, “We are deeply grateful for the support of our existing fund investors, who increased their commitments to DFW IV significantly from the prior fund, and are excited to welcome many new limited partners as well.
“We are particularly fortunate to have closed the fund in a relatively quick fashion, and to have been oversubscribed – exceeding our original fundraising target of $150m.
“We look forward to continuing to employ our disciplined investment strategy and building a strong portfolio of unique, service-oriented businesses.”
The firm plans to invest up to $20m of its own capital in each opportunity, or larger amounts in co-investments.
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