Pfingsten, a Chicago, IL-based operationally focused private equity firm, closed its sixth investment fund, Pfingsten Fund VI, with total capital commitments of $435M.
Limited Partners included a diversified global investor base of family offices, endowments, foundations, consultants, asset managers, insurance companies and individuals, including 25 former portfolio company executives and family-founder partners.
Pfingsten focuses on investments in entrepreneur and family-owned lower middle market manufacturing, distribution and business services companies with transaction values ranging from $15 to $100 million.
The firm plans to build a diversified portfolio of approximately 12 platform investments in Fund VI, and has closed two platform investments to date.
Formed in 1989 and led by Senior Managing Director, Scott Finegan, and Managing Directors Ken Hessevick, and Phil Bronsteatter, Pfingsten is a private equity firm that seeks to build businesses through operational improvements, professional management practices, global capabilities, and profitable business growth. Since completing its first investment in 1991, Pfingsten has raised six investment funds with total commitments of approximately $1.8B and has acquired 164 manufacturing, distribution, and business services companies.
The firm has offices in India and China.
FinSMEs
19/10/2023