Mill Valley, CA-based Vopne Capital has closed its second private equity fund, at $81m.
Limited partners in Vopne Fund II include pension plans, family offices, fund of funds and high-net-worth individuals.
Led by Jim Bloom, founder and Managing Partner, Vopne Capital is a private equity firm focused exclusively on lower-middle-market manufacturing and industrial businesses. Fund II will continue the investment strategy with control buyouts, recapitalizations and growth equity investments in niche manufacturing and industrial businesses in the U.S. and Canada with EBITDA of $2 million to $6 million.
The firm plans to invest the new fund in a limited number of companies where it can concentrate its time and operating resources.
Vopne targets equity investments of $5 million to $25 million per platform investment.