CIVC Partners, LP, a Chicago, IL-based middle market private equity firm, closed CIVC Partners Fund VI, LP, at $525m.
Fund VI received support from a diverse group of existing and new investors, including insurance companies, fund of funds, pension programs, foundations and endowments, family offices, a sovereign wealth fund, and financial institutions located across the United States and Europe.
CIVC closed its predecessor fund in March 2017 on nearly $400 million of total commitments.
Led by investment partners John Compall, Marc McManus, Chris Perry, Scott Schwartz, and JD Wright, CIVC makes buyout and growth equity investments in the lower middle market, targeting business services companies with EBITDA levels above $5 million located in the United States and Canada.
Consistent with prior funds, Fund VI will employ CIVC’s immersion-based sourcing strategy to invest in growing companies and partner with management teams to drive value through organic growth, new products/channels, greenfield expansion, and selective add-on acquisitions.
With the closing of Fund VI, CIVC is also announcing the promotion of Doug Potters to Partner. Potters joined CIVC in 2011 and has been heavily involved with the investments in Ground Penetrating Radar Systems, Magna Legal Services, Yellowstone Landscape, KPA, and Equipment Transport.