Linsalata Capital Partners, a Cleveland, Ohio-based middle market private equity firm, is seeking to raise its next buyout fund.
Gregg Taber, Senior Managing Director, will lead the fundraising efforts for LinCap Partners Fund VII, LP, a buyout fund which will focus on the lower middle market.
The fund target size has not yet been announced.
Frank Linsalata and Stephen Perry will take on roles of Senior Advisors to the LinCap team for this new fund.
In conjunction with the initiation of the new fundraising, Michael Faremouth, Managing Director, will lead the launch of a new firm focusing on smaller investments. The new firm will be located in the Cleveland suburbs and will be named Watervale Equity Partners.
Watervale will also begin fundraising in the coming months. Eric Bacon will join the Watervale team for this newly launched firm.
Founded in 1984, Linsalata Capital Partners has focused on accelerating the growth of middle market companies. In over 33 years of investing, the firm has completed 113 buy-side transactions totaling nearly $4 billion in enterprise value.