Kingswood Capital Management, LP, a Los Angeles, CA-based operationally-focused lower-middle market private equity firm, closed Kingswood Capital Opportunities Fund I, at $230m.
The fund received commitments from a balanced group of high-quality limited partners, including public pension funds, insurance companies, endowments, foundations, multi-manager funds, and family offices.
The vehicle will seek to make value-oriented control buyouts and structured debt and equity investments in companies that are headquartered in North America and characterized by operational, transactional, and/or structural complexity. Target companies for initial platform investments will typically have over $100m of revenue. The fund will generally seek to invest from $15m to $50m per investment, but in certain circumstances may invest less than $15m and with the support of its limited partners, can invest up to $100m per investment.
Led by Alex Wolf, Managing Partner, Kingswood is a private investment firm primarily focused on investing in businesses in transition. Over the last three-month period, the firm has closed three new platform investments out of the fund . On October 30, 2020, they acquired Mountain Equipment Co-op, Canada’s leading outdoor retailer, through Canada’s Companies’ Creditors Arrangement Act. On January 15, 2021 Kingswood closed the acquisition of Cost Plus World Market, a specialty retailer of home products sourced from around the world, from Bed Bath & Beyond in a corporate carve-out transaction. Most recently, on February 1, 2021, the firm acquired Senture, a provider of multi-channel contact center solutions to government agencies, commercial customers, and large system integrators, from its family owners.