CIVC Partners Fund VI’s $525 Million Fundraising

Kirkland & Ellis advised CIVC Partners on the deal.

CIVC Partners, LP, a Chicago-based middle market private equity firm, announced the closing of CIVC Partners Fund VI, LP, with $525 million of commitments from limited partners. Fund VI surpassed the target of $450 million and original hard cap. The fund received support from a diverse group of existing and new investors, including insurance companies, fund of funds, pension programs, foundations and endowments, family offices, a sovereign wealth fund, and financial institutions located across the United States and Europe.

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. Fund VI will employ CIVC’s immersion-based sourcing strategy to invest in growing companies and partner with management teams to drive value through organic growth, new products/channels, greenfield expansion, and selective add-on acquisitions.

CIVC Partners is a Chicago-based private equity firm investing in high growth middle market companies in the business services and financial services sectors. Since 1989, the team has invested over $1.8 billion in 68 platform companies and over 100 add-on acquisitions.

Kirkland & Ellis advised CIVC Partners with a team including investment funds partners John Muno (Picture), Dave Stults and Phil Giglio and associates Alyssa Jutovsky and Clayton Cromer, tax partner Don Rocap and associate Steven Cantor.

Involved fees earner: Steven Cantor – Kirkland & Ellis; Clayton Cromer – Kirkland & Ellis; Phil Giglio – Kirkland & Ellis; Alyssa Jutovsky – Kirkland & Ellis; John Muno – Kirkland & Ellis; Donald Rocap – Kirkland & Ellis; David Stults – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: CIVC Partners LP;

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Author: Ambrogio Visconti