Speyside Private Fund Advisers, LLC, a Detroit, MI-based special situations buyout firm, closed a $130m buyout fund.
Investors in Speyside Equity Fund I LP include institutional limited partners such as, endowments, foundations, insurance companies, fund of funds, public and private pensions, and family offices.
The fund, which was closed in less than 4 months of fundraising and was four times oversubscribed to its original $75 million target, will focus on investment opportunities in specialty chemicals, industrials/metal forming & food ingredients businesses.
Formed in 2005, the firm is led by Jeffrey A. Stone, Managing Director.