The CapStreet Group, LLC, a Houston-based lower-middle market private equity firm, closed its fourth fund at $340m.
CapStreet IV, L.P., which had a $250m initial target, was supported by both existing and new investors.
Led by George Kelly, founder and CEO, CapStreet IV will continue to make control investments in privately held, lower middle market companies headquartered in Texas and surrounding states.
It targets companies operating in the industrial distribution, industrial manufacturing and business service sectors, with annual EBITDA between $5m and $20m.
Since its founding in 1990, CapStreet has invested in 35 [initial] platform companies.
FinSMEs
30/05/2014