Resilience Capital Partners, a Cleveland, Ohio-based middle market private equity firm which specializes in special situations, closed its latest fund at $350m.
Investors included pension funds, insurance companies, foundations and endowments, fund of funds, wealth managers and investment consultants.
Resilience Fund IV L.P., which had a target of $300m, invests in lower middle market special situations, in businesses with $25 to $250 million in revenues, across a broad range of industries where it can improve a company’s operations, competitive positioning and profitability.
The firm is led by Co-CEOs Bassem Mansour and Steve Rosen. Its portfolio currently includes Porters Group, Hynes Industries, Thermal Product Solutions, Affinity Specialty Apparel, Aerospace Products International, Aero Communications, CR Brands, Thermal Solutions Manufacturing, WT Hardwoods Group, North Coast Minerals, Flight Options and PendaForm Corporation.