Blue Point Capital Partners, a global investment bank serving the middle market, closed its fourth investment vehicle, at $700m.
Blue Point Capital Partners IV, L.P., received commitments from a number of top-tier investors, including endowments, insurance companies, multi-manager funds, consultants, public pensions, corporate pensions and family offices.
Fund IV will continue the strategy of its predecessor fund (Blue Point Capital Partners III, L.P., which closed at $425m of capital commitments in 2013), sourcing and making control investments in lower middle-market companies that are in the manufacturing, business services, consumer and value-added distribution sectors.
The firm’s target businesses are located primarily in the Midwest, Southeast and West Coast and generate between approximately $20 million and $200 million in revenue and approximately $5 million and $25 million in EBITDA.
Led by Charles “Chip” Chaikin, John LeMay, Julianne “Juli” Marley, Mark Morris and Sean Ward, Blue Point Capital Partners manages over $1.5 billion in committed capital. The firm has offices in Cleveland, Charlotte, Seattle and Shanghai.