Silver Oak Services Partners, an Evanston, IL-based lower-middle market private equity firm, completed the fundraising for Silver Oak Services Partners Fund IV, L.P., at $500m.
Fund IV received support from both existing and new investors including corporate pension plans, fund of funds, insurance companies, endowments and foundations, public pension funds and family offices.
Founded in 2005, Silver Oak will continue to execute its investment strategy focused exclusively on control investments in targeted sectors of the business, healthcare, and consumer services industries. Its team of investment professionals, which has more than 100 years of combined private equity experience, is actively looking for new opportunities to invest in proven lower-middle market companies with $4-25m of EBITDA.
Following the closing of this latest vehicle, Silver Oak has now surpassed $1.1 billion in assets under management.