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Insignia Capital Raises $358MM for Inaugural Lower Mid-Market Fund

January 08, 2016, 07:15 AM
Filed Under: Investment Financing

Insignia Capital Partners LP has closed its debut oversubscribed fund at $358 million. The fund’s limited partners include endowments, public pensions, consultants, insurance companies, family officers and fund of funds. The pool will target North American lower middle-market companies in the consumer, healthcare and business services sectors. Sixpoint Partners served as the placement agent.

Sixpoint Partners, a leading global investment bank serving the middle market, announced the final closing of Insignia Capital Partners, L.P (“the Fund”). The Fund, which is the initial investment vehicle for Insignia Capital Group (“the Company”), closed with capital commitments totaling $358 million. Given strong investor interest, the Fund was oversubscribed and exceeded its target. The Fund received commitments from over 30 investors, including endowments, public pensions, consultants, insurance companies, family offices, fund of funds and others.

The Fund is focused on investing in North American lower middle-market companies in the consumer, healthcare, and business services sectors where there is an opportunity to leverage their collective strategic and operational expertise to proactively and significantly improve operating performance. The Company was founded by David Lowe as Chairman and CEO, formerly co-founder and Vice Chairman of Friedman Fleischer & Lowe (“FFL”); Mel Deane as Partner, formerly an Operating Partner at FFL; and Tony Broglio as Partner, formerly a Principal and member of the Executive Committee at Lake Capital.

“The successful fundraise is the result of several key factors combined with the effective marketing partnership between Insignia and Sixpoint Partners,” said David Lowe, Chairman, CEO and Partner of Insignia. “Insignia greatly appreciates the interest and support from limited partners in our strategy, and we are off to a great start with our first two investments.”

“Insignia put together an impressive team and proven investment strategy that generated strong demand from new investors looking for operationally-focused funds in the market,” said Eric Zoller, Co-Founder & Partner of Sixpoint Partners.

“We believe Insignia is well positioned to generate successful investments in the lower middle market, and we look forward to continuing our partnership with its senior team,” added Larry Smith, Partner of Sixpoint.

Simpson Thacher & Bartlett LLP provided legal counsel in connection with the fundraise.

Insignia Capital Group is a private equity firm based in the San Francisco Bay Area focused on investing in lower middle-market businesses where it can partner with leading management teams to achieve their true business potential. The firm’s principals have significant experience building businesses across a range of industries including consumer, business services and healthcare.

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