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Bassem Mansour Bailey McCann, Opalesque New York:
Resilience Capital Partners, a Cleveland, OH-based private equity firm, closed a new $223m fund, exceeding its target of $200m, highlighting continued investor interest in special situations and lower to mid-market private equity. The fund, The Resilience Fund III, L.P., was the third fund put forward by Resilience and came to a final close in May. Fund III exceeded its target of $200 million through the participation of a global institutional investor base that includes pension funds, insurance companies, foundations and endowments, fund of funds, wealth managers and investment consultants.
The firm invests in niche-oriented manufacturing companies and business services companies located in the Midwestern and Mid-Atlantic United States with sustainable market positions and a clear path to cash flow improvement to guide them through a cyclical downturn, an adverse credit situation or ownership transition. Resilience specializes in helping businesses emerge from fatigued ownership or lending relationships, over-leveraged balance sheets and a variety of special situations such as turnarounds, restructurings or corporate divestitures.
"Special situations investments are really our sweet spot, and so far investors believe in our track record in this space," says Bassem Mansour, Co-CEO of Resilience in an interview with Opalesque. "Some say special situations has been a story for a long time, but we feel as thou...................... To view our full article Click here
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