Teaneck, NJ-based private equity firm DFW Capital Partners held the final closing of its fifth fund, at $360m.
DFW Capital Partners V, L.P., is dedicated to making control investments in lower-middle market service companies.
It is seeking new platform investments in growing service companies, including healthcare services, general business and industrial outsourcing services and opportunities specific to the specialty pharmaceutical sector. DFW seeks to invest $15-$50m of its own capital in each opportunity, but can lead significantly larger deals with the support of its institutional co-investors.
The fund is capitalized from institutional investors, including several insurance companies, funds-of-funds, domestic and international family offices, endowments, pension funds and diversified asset management groups.
The firm’s professionals, led by Keith W. Pennell, Managing Partner, also made a significant commitment to Fund V, which is the successor to DFW Capital Partners IV, L.P., which held its final closing in December 2013 with $162.5m of commitments.