ParkerGale Capital, LP, a Chicago, IL-based private equity firm, closed its debut buyout fund, at $240m.
Contributions came from a balanced mix of family offices, pensions, managed accounts, endowments and funds of funds.
Formed in 2014 by the former technology investment team from Chicago Growth Partners, including Devin Mathews, Jim Milbery, Kristina Heinze, Ryan Milligan, Dave Chandler as well as Chief Financial Officer Corey Dossett, and office manager Sharon Janowski, ParkerGale Capital will continue to focus on acquiring profitable, founder-owned software and technology-enabled services companies in the lower middle market.
ParkerGale has completed two acquisitions including:
– Aircraft Technical Publishers, a general aviation industry’s provider of information management services for manufacturers, owners, operators and maintenance providers, and
– OnePlus Systems, which offers patented sensor technology and software solutions to monitor waste receptacles for large companies and smart cities around the world.
The team also includes Principals Alan Williamson and Kevin Fitzgerald and Associate Cass Gunderson. Private equity industry veteran, Tim Murray, serves as the fund’s Senior Advisor.