CHICAGO, ILLINOIS – CIVC Partners, L.P. (“CIVC”), a Chicago-based middle market private equity firm, is pleased to announce the completion of fundraising for its latest fund, CIVC Partners Fund VII (“Fund VII”), with $870 million of commitments. Launched in June 2023, Fund VII was oversubscribed and surpassed its initial target of $700 million. CIVC received overwhelming support from a diverse group of existing and new investors, including insurance companies, fund of funds, pension programs, foundations and endowments, and family offices located across North America and Europe. Fund VII’s predecessor fund, CIVC Partners Fund VI, closed in November 2020 with $560 million of total commitments, and currently has invested in 9 portfolio companies and 17 add-on acquisitions since being activated in July 2021.
Led by investment partners John Compall, Marc McManus, Chris Perry, Doug Potters, Scott Schwartz, and JD Wright, CIVC makes buyout and growth equity investments in the lower middle market, targeting business services companies with EBITDA levels above $5 million located in the United States and Canada. Consistent with prior funds, Fund VII intends to employ CIVC’s immersion-based sourcing strategy to invest in growing companies and partner with founder-led management teams to drive value through organic growth, new products/channels, greenfield expansion, and selective add-on acquisitions.
John Compall, Partner, commented, “Being able to complete the fundraise in 120 days in this market demonstrates a strong endorsement of our team, sourcing strategy, value creation approach, and performance. We are grateful to our existing investors for their strong support and appreciate our new investors who value our strategy and process for creating strong returns.”
M2O Private Fund Advisors (“M2O”) served as placement agent, while Kirkland & Ellis LLP served as legal counsel. “Once again, the M2O team did a phenomenal job getting us in front of high-quality investors early on. They kept everyone focused and did an outstanding job bringing everything to completion in a quick time frame.” added Chris Geneser, Partner and CFO.
About CIVC Partners, LP (www.civc.com)
CIVC Partners is a Chicago-based private equity firm investing in high growth middle market companies in the business services sector. Since 1989, the team has invested over $2.2 billion in 79 platform companies and over 150 add-on acquisitions. More information on CIVC Partners and its portfolio companies can be found at www.civc.com.
About M2O Private Fund Advisors
Founded in 2012, M2O is a leading placement and advisory firm offering a comprehensive suite of capital raising and secondary advisory to private fund managers and investors. The firm specializes in customized advisory and capital raising assignments tailored to address the specific needs of each client. M2O has advised on over 115 transactions representing over $28 billion of capital. For more information about M2O, please visit www.m2ollc.com.
About Kirkland & Ellis LLP
Kirkland & Ellis is a global leader in providing sophisticated advice to investment fund sponsors, institutional investors and other market participants in the alternative investment fund space. Kirkland offers clients the unsurpassed resources of a large, integrated, multidisciplinary, global team located across offices in the United States, Europe and Asia-Pacific. With more than 520 dedicated Investment Funds attorneys, few firms approach the breadth, depth and scope of Kirkland’s experience in investment funds legal services.