Saw Mill Capital LLC has raised a new investment fund, called Saw Mill Capital Partners II-A LP (Fund II), with $340 million in capital commitments. The fund has already invested in two businesses: Wolf-Gordon, a distributor of wallcovering and interior design products, and original equipment manufacturer iAutomation.
Fund II exceeded its original target of $300 million with backing from existing and new investors. The fund will be used to make buyout investments in North American businesses. Founded in 1997, Saw Mill is a middle-market private equity firm based in Briarcliff Manor, New York that targets the manufacturing, industrial and commercial service, and specialty distribution industries.