NEW YORK–Thayer Street Partners Management, LLC (“Thayer Street Partners”), a prominent private investment firm, has announced the successful closing of its Thayer Street Partners Opportunity Fund II, LP (“Fund II”). The fund, designed to provide flexible growth capital, surpassed its fundraising goals, amassing over $275 million in total capital commitments. This achievement underscores the strong confidence investors have in Thayer Street Partners and their strategic approach to private equity investments.
Fund II garnered significant backing from a diverse investor base, including returning investors from Thayer Street Partners’ debut fund, managed accounts, and various co-investment vehicles. The firm also welcomed a substantial number of new, highly respected limited partners, highlighting the expanding appeal and credibility of Thayer Street Partners within the investment community.
The investment strategy for Fund II will remain focused on identifying resilient businesses with recurring revenue streams within the lower middle-market. This sector aligns with Thayer Street Partners’ extensive investment experience and established network of strategic relationships. The firm has a proven track record of collaborating with businesses to achieve scalable growth through both organic initiatives and strategic acquisitions. This targeted approach allows Thayer Street Partners to leverage their deep sector knowledge to foster substantial value creation.
Josh Koplewicz, Founder and Managing Partner of Thayer Street Partners, commented on the successful fundraise, stating, “Building on the success of our first fund, we are committed to a rigorous and disciplined investment strategy, concentrating on a select number of high-caliber investments annually. Fund II will continue our philosophy of delivering flexible capital solutions to support the growth ambitions of our partner companies and cultivate mutual long-term success. We deeply value the continued partnership of our existing investors and the considerable interest shown by our new limited partners.”
Thayer Street Partners intends to deploy initial investments ranging from $5 million to $50 million per transaction, with the capacity for larger commitments as opportunities arise. The firm’s expertise in targeted sectors, combined with robust underwriting and operational experience, enables them to effectively partner with entrepreneurs and management teams. This collaborative approach is geared towards implementing institutional best practices, unlocking inherent value, and accelerating business expansion. To date, Thayer Street Partners has built a robust portfolio, encompassing over 30 investments across the financial services, business services, and real estate services sectors.
About Thayer Street Partners
Based in New York City, Thayer Street Partners is a distinguished private investment firm specializing in opportunistic investments within the financial services, business services, and real estate services sectors. Thayer Street Partners distinguishes itself by providing bespoke capital solutions tailored to the unique needs of each portfolio company. The firm is dedicated to forging strong partnerships with management teams, actively supporting them in scaling their businesses and achieving sustained growth. For further details about Thayer Street Partners and their investment philosophy, please visit www.thayerstreet.com.
Contacts
Mike Geller
Prosek Partners (on behalf of Thayer Street Partners)
646-818-9018
[email protected]
