New York-based private equity firm Blue Wolf Capital Partners closed its latest fund at $300m.
Investors in Blue Wolf Capital Fund III LP included foundations, endowments, fund of funds and public, corporate, and Taft-Hartley pension funds, primarily located in the United States and Europe.
Fund III will continue to execute the firm’s strategy of taking control stakes in middle market companies based in the United States and Canada. Blue Wolf invests in businesses whose value can be increased by constructive resolutions of complex challenges, particularly those involving financial or operational distress, troubled labor relations, or governmental or regulatory issues.
To date, the vehicle has invested in Twin Rivers Paper Company, Inc. and Suwannee Lumber Company LLC.
The firm is led by Adam Blumenthal, Managing Partner.