HKW, an Indianapolis-based middle-market private equity firm focused on growth-oriented companies, closed HKW Capital Partners V, L.P., with total commitments of $365m.
Launched in September 2017, HKW V exceeded its original $350m target.
Commitments came from a diverse group of both existing and new investors, including institutional investors, insurance companies, state pension plans, family offices, high net worth individuals, and foundations and endowments.
As with its predecessor funds, HKW V will focus on investments in middle-market growth companies with a target EBITDA of $5-$30 million. The fund will seek to invest in growth-oriented companies with talented management teams in the United States and Canada, targeting small- to mid-size companies in the Business Services and Health & Wellness sectors.
It has completed five investments from Fund V – GCR, Certified Tracking Solutions, Indigo Wild, Urban Armor Gear, and Fresh Direct Produce.
Led by Ted Kramer, President and CEO, and Jim Snyder, Partner, HKW is a private equity firm investing in growth-oriented companies with talented management teams in the US and Canada. HKW targets small to mid-size companies in the Business Services and Health & Wellness sectors.
Since 1982, the firm has sponsored 60 platform transactions of lower middle-market companies throughout North America, as well as 66 add-on acquisitions.