Flexpoint Ford, a private equity investment firm specializing in the financial services and healthcare industries, has closed its second asset investment fund, Flexpoint Asset Opportunity Fund II LP, at $825 million.
Asset Fund II will build on the strategy established in the predecessor fund, Flexpoint Special Assets Fund LP, leveraging the firm’s focus on financial services private equity to invest in opportunistic asset-driven investments across financial services subsectors and assets. Asset Fund II will seek to construct a portfolio of diversified financial assets and structured investments.
“We are delighted with the success of the fundraising for Asset Fund II,” said Don Edwards, chief executive officer of Flexpoint Ford. Noting that over 90% of Asset Fund II’s commitments came from existing investors in what was a limited fundraising process, he added, “We are very fortunate to have the support of many of the leading limited partners in the investment community. We attribute this support to the outstanding investment returns of our prior funds and, importantly, the consistent execution of Flexpoint’s strategy.”
Kirkland & Ellis LLP served as legal counsel for Asset Fund II.