Private equity firm Frontenac Co., which closed a $250 million fund, is one of many firms benefitting from the best fundraising climate since pre-recession 2008. 

The fund, called Frontenac X Private Capital LP, has already completed two investments: Portfolio General Management Group, a provider of outsourced financial services to automobile dealerships; and Ohio Transmission Corp., a distributor of industrial pumps, fluid power, power transmission, bears and other products.

The Chicago-based firm focuses on investing in lower middle-market companies in the business services, industrial, food and health care sectors. Current investments include Behavioral Health Group, Diversified Maintenance Systems and Salient Federal Solutions.

M2O Private Fund Advisors LLC advised on the fund formation and placement, and Winston and Strawn LLP provided legal advice.

Other recent fund closes have come from Charlesbank Capital Partners, which closed a $1.75 billion fund announced July 10 (link), and Thoma Bravo LLC, which closed a $3.65 billion fund in May. 

 

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