Fundraise exceeds $1 billion target; AUM now more than $3 billion
WALTHAM, Mass. & NEWPORT BEACH, Calif.–(BUSINESS WIRE)–Windjammer Capital Investors (“Windjammer”), a national private equity investment firm focused on control equity investments in middle-market businesses, today announced the closing of its sixth fund, Windjammer Capital Fund VI (“Fund VI”) at its hard cap. Fund VI and affiliated funds closed at $1.3 billion in total capital commitments, exceeding its initial target of $1 billion and representing an increase of 48% greater than the firm’s $870 million Fund V. Windjammer now has raised and managed more than $3 billion of capital targeting control-oriented equity investments and has completed more than 60 platform investments and 160 strategic add-ons throughout its history.
New and returning investors in Fund VI include private and public pensions, family offices, insurance companies and asset managers.
“The success of this fundraise was highlighted by the backing from both existing and new investors, who understand and value the model we’ve built which focuses on finding investments whose core investment attributes provide downside protection as well as significant upside,” said Gregory Bondick, Managing Principal of Windjammer. “We’re very appreciative of our investors’ support, particularly given the challenging environment, and look forward to working hard to reward their faith in Windjammer.”
“Investment in our operational resources has been critical to our partnerships with founders, entrepreneurs, and senior leadership teams at our portfolio companies,” said Jeffrey Miehe, Managing Principal of Windjammer. “The capabilities our team brings for Fund VI, as with previous funds, are directed at helping our companies focus on growth and development and implementation of key operational initiatives that drive expansion of revenue and profits.”
Similar to its predecessor fund, Fund VI will focus on acquiring businesses with leading positions in niche addressable markets that provide mission-critical products or services. Windjammer will continue to leverage its deep middle market experience, accomplished and long-established team, and operationally-focused strategy to partner with management teams in its focus areas of advanced manufacturing, specialty distribution, and business services, developing customized strategies for growth. Target platform companies are typically between $10mm and $50mm in operating profit.
UBS Securities LLC and Credit Suisse Securities (USA) LLC acted as joint placement agents for Fund VI and Kirkland & Ellis provided legal counsel.
Windjammer Capital is a national private equity investment firm based in Newport Beach, CA and Waltham, MA that invests control equity in middle-market businesses and in partnership with management. Windjammer has over $3 billion of committed capital with respect to its control equity investment strategy, and since inception has completed over 60 platform investments and more than 160 strategic add-ons. The firm targets investments in companies that are leaders in attractive niche markets and share several of the following characteristics: significant and defensible market positions; differentiated products and services; strong management teams; scalable business models; identifiable growth opportunities; and consistent financial performance. To learn more visit windjammercapital.com.