CenterOak Partners LLC closed its first fund, CenterOak Equity Fund I LP. The fund is valued at $420 million.

Dallas-based CenterOak invests up to $90 million in equity in businesses that have $50 million to $250 million in enterprise value. The firm focuses on the industrial, business services and consumer sectors. Earlier in 2016, CenterOak bought windows manufacturer Cascade Windows Inc. from Altamont Capital Partners for an undisclosed amount.

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