Teakwood Capital Closes Fund

Teakwood Capital, a Dallas, Texas-based private equity firm, closed its new fund.

Teakwood Capital II, which has already closed its first transaction, ExamSoft, has received commitments from existing limited partners including family offices and institutions.
Founded in 2005 by Austin Ventures veterans, and led by Managing Director Shawn Kelly, Teakwood Capital invests equity capital primarily in businesses with under $3.0m of EBITDA.
It focuses on management buyouts and control growth equity investments in companies in Texas and neighboring states.
The firm expects to grow both its professional staff and its capital under management in 2011.

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