Huron Capital Raises $500 Million For 4th Private Equity Fund
DETROIT — Huron Capital Partners LLC announced today that it has recently completed the first and final closing of its fourth investment fund, The Huron Fund IV L.P., with $500 million in aggregate commitments.
Huron experienced strong demand for the offering, exceeding its original target of $400 million and hitting its hard cap soon after launching the fundraising process in September 2012.
“We are grateful for the strong support we received from returning and new investors and the confidence they displayed in our seasoned team of investment professionals and operating partners,” said Brian A. Demkowicz, managing partner of Huron.
Huron’s investor base includes prominent international and domestic public and corporate pension funds, insurance companies, endowments and foundations, financial institutions, funds-of-funds, and family trusts.
With its latest fund, Huron will continue its operationally focused, buy-and-build approach to investing in the lower middle-market. The firm focuses on opportunities where it can partner with seasoned executives to acquire fundamentally sound companies and drive significant earnings growth through strategic initiatives, operational improvements, and add-on acquisitions.
Huron seeks to invest $10 million to $70 million to sponsor management buyouts, family succession transactions, market-entry strategies, corporate carve-outs, and recapitalizations of niche manufacturing, specialty service, and value-added distribution companies having revenues up to $200 million.
Huron seeks opportunities where it can help companies reach their full potential by combining its operational approach, capital, and transaction experience with proven operating executives who have the vision, experience, and commitment to grow their businesses.
Founded in 1999, Huron has made investments in 61 companies in the U.S. and Canada with aggregate revenues in excess of $1 billion.
Huron invests in a variety of industries, including education and training, health care, specialty chemicals, specialty packaging, consumer products, home decor, business services, industrial manufacturing, food and beverage, and marketing services. Huron has raised more than $1.1 billion through four private equity funds, and has offices based in Detroit and Toronto.
More at www.huroncapital.com.