WestView Capital II, L.P. closed oversubscribed from its original $300 million goal.
WestView Capital Management, Inc. (“WestView Capital”), a leading growth equity firm, has announced the closing of WestView Capital II, L.P., a $325 million private equity fund that will invest in superior middle-market growth companies in partnership with exceptional management teams.
WestView Capital II, L.P. will be managed by a seasoned group of private equity investors who have worked together for many years and have been successfully executing the same strategy since 1990. The investment team’s complementary backgrounds give the firm a strong entrepreneurial centric culture that resonates with middle-market business owners looking to grow their businesses with a value-added capital partner.
WestView received strong support from its Fund I investors as well as adding several new high quality LPs. Investors in WestView Capital II, L.P. include a blue-chip roster of leading institutional investors such as, public and private pensions, insurance companies, fund of funds, and family offices.
“We are thrilled to have been able to close our fund in this difficult capital raising environment,” said Carlo von Schroeter, Managing Partner and co-founder. “The strong response we received is really a testament to both our team and the results we have been able to achieve in our first fund.” Richard Williams, Managing Partner and co-founder, added “This is a great time to be a value-oriented growth investor in private companies. We look forward to investing our second fund in a particularly attractive environment for our strategy and continuing to partner with outstanding management teams.”
The Fund’s placement advisor was Probitas Partners, led by Greg Hausler and Mac Hofeditz. Wilmer Hale, led by Tom Beaudoin and Eric Burnett, served as the Fund’s counsel.
About WestView Capital:
WestView Capital Partners, Inc. is a Boston-based private equity firm focused exclusively on lower middle market companies. We currently manage over $500 million and commit $5 to $30 million of equity to companies in a variety of recapitalization, growth, buyout and consolidation transactions. We build supportive relationships with management teams and tailor investment structures to accommodate the needs of all shareholders, enabling us to act as either a minority or majority investor. For more information please visit www.wvcapital.com or call (617) 261-2050.
About Probitas Partners:
Probitas Partners, founded in 2001, is an employee-owned, independent provider of alternative investment solutions, headquartered in San Francisco with offices in New York, London, and Hong Kong. Its integrated global practice includes capital raising for alternative investment funds, secondary market advisory and portfolio management. For more information please visit www.probitaspartners.com or call (415) 402-0700.
About Wilmer Hale:
For more information please visit www.wilmerhale.com or call (617) 617 526-5603.