CORE Industrial Partners Debut $230 Million Private Equity Fund Closes Above Initial Hard Cap
NEW YORK--(BUSINESS WIRE)--Feb 20, 2019--Sixpoint Partners, a leading global investment bank serving the middle market, announced the successful closing of CORE Industrial Partners Fund I (the “Fund”), with $230 million of total limited partner capital commitments. The Fund, which is the debut investment vehicle for CORE Industrial Partners (“CORE”), was significantly oversubscribed with demand in excess of an initial target of $200 million and initial hard cap of $225 million. The Fund received commitments from a diversified base of institutional investors including leading university endowments, insurance companies, public pensions, corporate pensions, foundations, asset managers, family offices, and fund of funds.
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“We are extremely honored and humbled by the support received from our world-class group of limited partners and look forward to the continued execution of our operationally driven value creation playbook by pursuing attractive investment opportunities that will realize significant value for all our stakeholders,” said John May, Founder and Managing Partner at CORE. “We are thankful for the support of Sixpoint Partners in this process and look forward to a long-term partnership as we continue to build our firm in the coming years.”
“CORE has differentiated itself within the fund community with its team of highly experienced investment and operational professionals, and an investment strategy focused solely on lower middle market industrial businesses,” said Larry Smith, Partner at Sixpoint Partners.
Eric Zoller, Founder and Partner at Sixpoint Partners added, “CORE’s success is a great example of Sixpoint’s continuing interest in working with outperforming first-time funds that can benefit from our comprehensive and strategic fundraising services.”
Winston & Strawn LLP provided legal counsel in connection with CORE Industrial Partners Fund I.
About CORE Industrial Partners
CORE Industrial Partners is a Chicago-based private equity firm investing in North American lower middle-market manufacturing and industrial technology businesses. CORE partners with business owners and management teams to acquire companies with revenues up to $200 million, and transaction sizes up to $150 million. CORE’s team is comprised of highly experienced former CEOs and investment professionals with shared beliefs, deep experience and a proven track record of building market-leading businesses. For more information, visit www.coreipfund.com.
About Sixpoint Partners
Sixpoint Partners is a leading global investment bank focused on a diversified set of services and solutions for the middle-market private equity industry. The firm’s core areas of focus include (i) primary fund placement, (ii) secondaries advisory and (iii) co-investment placement across a wide range of industries, strategies and geographies. Sixpoint Partners has a reputation for its direct, results-driven style and for delivering innovative solutions to complex problems in order to create long-term value for clients. Sixpoint is headquartered in New York with offices in Chicago, San Francisco, Austin and Hong Kong. For more information, please visit http://www.sixpointpartners.com.
Sixpoint Partners, LLC, is a registered broker/dealer, member FINRA ( http://www.finra.org ) and SIPC ( http://www.sipc.org ). Sixpoint Partners Asia Limited is licensed by the Securities and Futures Commission ( http://www.sfc.hk ).
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CONTACT: For CORE Industrial Partners:
email@example.comFor Sixpoint Partners:
Eric Zoller, Founder & Partner
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE
SOURCE: Sixpoint Partners
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PUB: 02/20/2019 09:00 AM/DISC: 02/20/2019 09:01 AM