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Laxman Pai, Opalesque Asia: Growth equity firm WestView Capital Partners has secured $1 billion after announcing the close of its fifth fund, WestView Capital Partners V, bringing total capital raised since its founding in 2004 to $2.7 billion.
The vehicle makes growth equity investments for the majority and minority stakes in primarily founder-owned businesses said a press release from the Boston-based firm.
"We appreciate the strong support from our investors and look forward to continuing to execute on our control-agnostic investment strategy of partnering with outstanding management teams and employing flexible investment structures," said Managing Partners Carlo von Schroeter, Rick Williams, Matt Carroll, and Jonathan Hunnicutt.
"We are extremely proud of the entire Westview team and the management teams we partner with who have driven the success we have achieved as a firm," Carlo added.
Since its founding, WestView has invested in 54 companies and has had 32 realizations representing over $2.2 billion in cash proceeds. Fund V will make minority and majority investments in growth companies that are typically founder-owned and managed and have not previously raised institutional capital.
WestView will target investments in business services, IT services, healthcare technology, outsourcing, software, and growth industrial companies.
WestView launched fundraising in September 2022 and received strong support from its existing investor base, while al...................... To view our full article Click here
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