Guardian Capital Partners (GCP), a private equity firm based in suburban Philadelphia, announced the final closing of its Guardian Capital Partners Fund I, L.P. with over $50m in aggregate capital commitments.
The fund, which is backed is by institutional limited partners including investment affiliates of Argosy Capital, Bowside Capital, Hauser Capital Partners and Massachusetts Mutual Life Insurance Company, is focused on leading the acquisition of controlling interests in lower middle market manufacturing and service businesses in the United States.
The new vehicle has already made two acquisitions:
– Corporate Call Center, Inc., a business outsourcing service provider to the insurance, healthcare, financial services and other industries.
GCP is managed by three investment professionals: Scott D. Evans, Peter H. Haabestad and Hugh Kenworthy III.