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Solace Capital Partners Closes Special Situations Fund at $576 Million

December 06, 2016, 07:21 AM
Filed Under: Industry News

Solace Capital Partners, a private equity firm focused on distressed-for-control and special situations investments in North America, announced the successful closing of its inaugural fund, Solace Capital Special Situations Fund, L.P. (the “Fund”) at $576 million, in excess of its $500 million target.

Solace has flexible capital and targets control-oriented investments in complex, distressed or capital-constrained, lower-middle market companies across numerous industries. Typical investment size ranges from $10 million to $75 million. To date, the Fund has invested and committed more than $120 million in five portfolio companies.

Solace’s Managing Partners, Chris Brothers, Vince Cebula, and Brett Wyard, said, “We are pleased with the support we received from our high-quality investors in closing our first fund above our target. Anticipating more corporate defaults and distressed opportunities, we have the right strategy and the right team in place to capitalize on the investing environment. With five investments already in our portfolio, we are off to a strong start and are excited by the numerous opportunities in our pipeline.”

Solace Capital Partners is a private investment firm focused on control-oriented special situations and distressed-for-control investments in complex, distressed or capital-constrained, lower-middle market companies. Solace’s principals have on average 25 years of relevant investing experience across various sectors and have spent more than two decades cultivating relationships across far-reaching networks. Launched in 2014, Solace has offices in Los Angeles and New York.

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