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Alternative Market Briefing

Access Holdings wraps up debut fund at $340m

Thursday, January 07, 2021

Laxman Pai, Opalesque Asia:

The Baltimore-based mid-market investment firm Access Holdings has raised $340 million from 15 institutional investors for its first private-equity fund.

The final tally for Access Holdings Fund I exceeded its $250 million goal in a particularly challenging market for first-time funds.

A press release from the midmarket firm focused on buy-and-build strategies said: "The fund, was oversubscribed and exceeded its target by 36% despite difficult circumstances imposed by the COVID-19 pandemic and the significant drop in the number of first-time private equity funds closings."

"I believe today's fund closing demonstrates that Access Holdings is well-positioned to continue our purposeful buy-and-build approach," said Access Holdings Founder and Managing Partner Kevin McAllister.

Access Holdings utilizes an innovative hands-on investment strategy, operating a concentrated portfolio with five to seven platforms per fund. The firm deploys extensive research capabilities to identify and acquire platforms in niche essential service-based industries with stable demand characteristics such as pet cremation, end-of-life services, car wash, sports multi-media, and life insurance.

The firm partners with entrepreneurs to scale businesses with quantifiable value propositions and strong fundamentals. Access implements several contemporary and technologically enabled value-creation programs within its portfolio companies.

Access endeavors t......................

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