Palm Beach Capital (PBC), a West Palm Beach, Fl-based middle market private equity firm, closed its sixth fund, at over $350M, surpassing its target of $275M.
Fund VI’s broad and global investor base included diversified financial institutions, insurance companies, pension funds, foundations, endowments, consultants, funds of funds, and institutional family offices.
The fund will continue to utilize PBC’s playbook driven by a differentiated and proprietary sourcing model, deep industry expertise and thematic industry consolidation strategies. Most of the platform companies targeted by PBC have annual EBITDA between $10 and $30M.
Founded in 2001, Palm Beach Capital is a middle market private equity investment firm. Currently investing out of its sixth committed fund, it focuses on investment opportunities and partners with founders, business owners, and management teams in management buyouts, recapitalizations and growth equity investments. Since its inception, PBC has made investments in 56 platform portfolio companies, with a focus on engineering services, transportation and logistics, business services and healthcare sectors.
FinSMEs
06/05/2024