DALLAS–CenterOak Partners LLC (“CenterOak”), a private equity firm based in Dallas, has announced the successful closing of CenterOak Equity Fund III, L.P. (“Fund III” or the “Fund”). The fund significantly exceeded its target, achieving its hard cap with over $1.1 billion in capital commitments. This strong investor interest underscores confidence in Center Oak Partners‘ investment strategy and team.
Fund III saw substantial backing from existing institutional investors, demonstrating continued trust in Center Oak Partners. Furthermore, the Fund attracted new limited partners from across the globe, including a diverse range of private and public pensions, endowments, and foundations. This global appeal highlights the firm’s growing reputation and reach within the investment community.
Randall Fojtasek, Chief Executive Officer and Co-Managing Partner of Center Oak Partners, expressed his appreciation for the strong investor support. “We appreciate the strong support from our limited partners which allowed us to complete the fundraise in a short period of time,” he stated. Fojtasek emphasized that the successful fundraise validates the firm’s active and well-defined investment process. He also highlighted the team’s strategic focus on generating value for both investors and management teams of portfolio companies.
Jason Sutherland, Co-Managing Partner of Center Oak Partners, further commented on the demand for Fund III as a reflection of the team’s deep experience. “The demand for Fund III is a testament to the experience of our team,” Sutherland noted. He explained that Center Oak Partners‘ theme-driven investment approach and differentiated sourcing strategies are key to identifying attractive investment opportunities within large and fragmented market sectors. Sutherland reaffirmed the firm’s commitment to providing capital and expertise to families, founders, and talented executives to build significant and thriving businesses.
About Center Oak Partners LLC
Center Oak Partners is a leading private equity firm based in Dallas, Texas, managing $2.5 billion in equity capital commitments. The firm focuses on control-oriented investments in middle market companies across three key sectors: Business Services, Industrial Services, and Consumer Services. Center Oak Partners has a proven track record of creating substantial value through organizational development, operational enhancements, and strategic transformational growth initiatives within its portfolio companies. For more detailed information, please visit www.centeroakpartners.com.
PJT Park Hill served as the global placement agent for Fund III, and Kirkland & Ellis LLP provided fund formation counsel.
