Tailwind Capital, a middle market private equity firm investing in targeted sectors within healthcare, business services and industrial services, closed Tailwind Capital Partners III, L.P., at $1.8 billion of commitments.
Fund III received commitments from existing and new investors, including pension funds, insurance companies, endowments and foundations, family offices and high net worth individuals based in North America, Europe and Asia.
The fund will partner with experienced management teams and entrepreneurs in North America to transform businesses through organic growth initiatives, acquisitions, and operational and strategic investments.
It primarily targets companies with enterprise values up to $250m.
Led by Larry Sorrel, Managing Partner, Tailwind Capital has invested in 38 portfolio companies and over 65 add-on acquisitions to date. Since inception, the firm has managed $3.6 billion of committed equity capital.
Credit Suisse Securities (USA) LLC acted as fundraising adviser, while Davis Polk & Wardwell LLP was their attorney.