Insignia Capital Partners, L.P., a Walnut Creek, CA-based private equity firm, closed its initial investment vehicle at $358m.
The fund, which received commitments from over 30 investors, including endowments, public pensions, consultants, insurance companies, family offices, fund of funds and others, is focused on investing in North American lower middle-market companies in the consumer, healthcare, and business services sectors.
It seeks investments of at least $15 million in profitable, growing companies and routinely evaluates smaller strategic add-on acquisitions for its portfolio companies based on their merits and fit.
The founders of the firm, David Lowe, Chairman and CEO, Mel Deane, Partner, and Tony Broglio, Partner, have significant experience building businesses across the above mentioned industries and can invest across different types of private equity investment structures, including control buyouts, management buyouts, corporate carve-outs, public-to-private transactions, build-ups, recapitalizations, growth equity investments and strategic minority investments.
The portfolio includes MNG Direct, a Bensalem, PA-based provider of technology-enabled multi-channel marketing solutions that allow pharmaceutical, biotechnology and medical device brands to market their products to healthcare practitioners, and Truco Enterprises, a developer and marketer of tortilla chips, salsa and queso under the On The Border® brand.