WestView Capital Partners (“WestView”), a leading Boston-based growth equity firm, is pleased to announce the closing of WestView Capital Partners IV, L.P. (“WestView IV”), with commitments of $700 million. WestView IV will invest in middle-market growth companies in partnership with exceptional management teams. WestView experienced strong demand for its fourth fund which was significantly over-subscribed.
WestView IV will be managed by a seasoned group of private equity investors who have been successfully executing the same strategy since 1990. WestView was founded in 2004 by Managing Partners Carlo von Schroeter and Rick Williams. The firm’s investment team has complementary backgrounds giving it a strong entrepreneurial-centric culture that resonates with middle-market business owners looking to grow their businesses with a value-added capital partner.
WestView completed this fundraise in a very short period of time, almost exclusively with existing investors and with minimal distraction to its ongoing investment activities. Investors in WestView IV include a blue-chip roster of institutional investors comprised of leading endowments, public and private pensions, fund of funds and family offices as well as many former and current portfolio company executives.
“We are very appreciative of our strong existing investor support and extremely proud of the growth and evolution of our investment team, which has generated strong results to date and continues to execute on our differentiated strategy in a highly competitive private equity market ” said Carlo von Schroeter, Managing Partner and co-founder. Rick Williams, Managing Partner and co-founder, added “Although we experienced significant investor demand, we chose to limit Fund IV to a size that will allow us to deploy the same strategy that has made our first three funds successful. We look forward to continuing that strategy of partnering with outstanding management teams and employing flexible structures in Fund IV.”
Goodwin Procter served as WestView’s counsel in connection with WestView IV.
About WestView Capital Partners:
WestView is a Boston-based private equity firm focused exclusively on middle market growth companies. We currently manage approximately $1.7 billion and commit $15 to $60 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 Goodwin Procter:
For more information please visit www.goodwinprocter.com or call (617) 570-1000.