Compass Group Equity Partners, a private equity firm, has closed its Compass Group Fund II at its hard cap of $255 million, exceeding its original target of $200 million.
Compass Group Equity Partners focuses on acquiring and building lower middle-market companies.
“The outcome surpassed our projections for both timing and value, and we’re honored by the level of investor confidence,” said John Huhn, managing partner of Compass Group. Since 2015, Compass has invested more than $200 million in eight portfolio companies, over 100 add-on acquisitions, and completed three exits at returns exceeding expectations.
McGuireWoods and Maples Group provided legal counsel. E78 Fund Solutions serves as the Fund II administrator with BDO as independent auditor. Aqueduct Capital Group acted as the placement agent for fundraising.