Indy Investment Firm Exceeds Funding Goal
An Indianapolis-based investment firm has closed on a $310 million fund. Centerfield Capital Partners IV L.P., Centerfield Capital Partners' fourth mezzanine debt and equity investment fund, surpassed its initial target by $85 million. The firm says it will target "established, lower middle market companies" with a combination of mezzanine debt and equity investments.
Centerfield Capital Partners says the new funds came from a combination of investors including banks, insurers, public pension plans, fund of funds, family offices and individuals. Lead investments, it says, will total between $7 million and $35 million.
Senior Partner Faraz Abbasi says "collaboration, teamwork, investment discipline and structural flexibility are at the core of our strategy at Centerfield and have served us well across many funds and varying economic cycles. We will continue to expand and solidify our relationships with private equity firms, independent sponsors and intermediaries who provide us a high-quality pipeline of investment opportunities."
In eight months, Centerfield IV has logged $67 million in investment in six platform companies and one add-on acquisition. Over the last 17 years, Centerfield Capital Partners has closed on 56 platform investments and 42 related add-on acquisitions.