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Laxman Pai, Opalesque Asia: The Chicago private equity firm Wind Point Partners closed its latest middle-market buyout fund, Wind Point Partners IX, at $1.5 billion in total commitments, including commitments from the General Partner and affiliates.
The fund targets investments in middle-market companies within the business services, consumer products, and industrial products sectors.
The Fund IX investor base includes a diverse set of leading institutional investors in North America, Europe, and Australia, spanning public and corporate pension plans, insurance companies, family offices, and endowments and foundations. Investors include the $25.3 billion Los Angeles Fire & Police Pensions.
The closing of Fund IX brings Wind Point's total assets under management to approximately $3.3 billion, said a press release.
Nathan Brown, Managing Director at Wind Point said: "The success of this fundraising is a testament to the strength and depth of our team, which we have continued to invest behind to support Wind Point's growth. Our leadership team has worked together for nearly two decades and we have never been more excited about the firm's culture and strong positioning."
The Chicago-based private equity firm's previous fund, Wind Point Partners VIII, closed at $985 million in 2017. Limited Partner commitments in Fund IX increased by $450 million, or nearly 50%, as compared to Wind Point's 2016 predecessor fund.
Wind Point's investment team is led by six M...................... To view our full article Click here
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