Westhook Capital, a Los Angeles, CA-based private equity firm focused exclusively on the lower middle market, closed its inaugural fund, with $140m in commitments.
Commitments from Westhook Capital Partners, L.P, came from a number of university endowments, family offices, other institutional investors, and Westhook’s senior professionals.
Led and founded by industry veteran Michael Hooks, who was previously the co-founder of Black Canyon Capital, a Los Angeles-based private capital firm which completed more than $1.0 billion of investments across various industries, Westhook focuses on buyouts of U.S based lower middle market companies within the consumer, industrial, business services and healthcare services sectors with greater than $3m of EBITDA, defensible margins, and attractive growth prospects.
Westhook is targeting 5 – 6 platform investments for the fund.
In addition to Mr. Hooks, the Westhook senior team is comprised of seasoned investment professionals:
– Wesley Knuth (Partner), and
– Nate Chandra (Managing Director and Head of Business Development).