Tower Arch Capital, a Salt Lake City, UT-based investment firm, closed of Tower Arch Partners III, LP and its parallel investment entity, with $750m of capital commitments.
Fund III’s investors included current and former management team members, foundations, diversified financial institutions, university endowments, and family investment offices.
Led by David Topham, and Rhett Neuenschwander, Partners and Co-Founders, Tower Arch Capital professionals are investors personally and remain, collectively, the largest investor across all three funds, driving alignment between the firm and its Limited Partner base. With the closing of Fund III, Tower Arch now has $1.6 billion of assets under management across its three funds along with investor and management co-investments.
Fund III’s investment focus will continue to be in the lower middle market, targeting transformational opportunities where founder and family-owned businesses with strong management teams are looking for a capital partner to help with growth, strategic support, and professionalization. Most of the platform companies targeted by Tower Arch have EBITDA between $5 and $30m, with smaller add-on acquisitions sought for existing portfolio companies. The firm brings operational, consulting, and financial expertise to their portfolio companies to give them the tools they need to achieve their full potential.
FinSMEs
28/11/2023