CHICAGO, ILLINOIS – CIVC Partners, LP (CIVC), a leading middle market private equity firm based in Chicago, has successfully completed fundraising for its latest fund, CIVC Partners Fund VII (Fund VII), securing $870 million in commitments. Launched in June 2023, Fund VII was significantly oversubscribed, surpassing its initial target of $700 million.
This successful fundraise reflects strong confidence from a diverse group of investors. Civc Partners Lp garnered substantial support from both existing and new investors, including prominent insurance companies, fund of funds, pension programs, foundations, endowments, and family offices across North America and Europe. The predecessor fund, CIVC Partners Fund VI, closed in November 2020 with $560 million in commitments and has actively invested in 9 portfolio companies and completed 17 add-on acquisitions since July 2021.
The investment strategy of CIVC Partners LP is spearheaded by investment partners John Compall, Marc McManus, Chris Perry, Doug Potters, Scott Schwartz, and JD Wright. CIVC specializes in buyout and growth equity investments within the lower middle market, targeting business services companies in the United States and Canada with EBITDA levels exceeding $5 million. Fund VII will maintain CIVC’s proven immersion-based sourcing strategy, focusing on partnering with growing, founder-led management teams. The firm aims to drive value creation through organic growth initiatives, expansion into new products and channels, greenfield development, and strategic add-on acquisitions.
John Compall, Partner at CIVC Partners LP, stated, “Completing this fundraise in just 120 days amidst the current market conditions is a testament to the strength of our team, our targeted sourcing strategy, our value creation approach, and our consistent performance. We are grateful for the continued support of our existing investors and welcome our new investors who recognize the value in our strategy and process for generating strong returns.”
M2O Private Fund Advisors (“M2O”) acted as the placement agent for Fund VII, while Kirkland & Ellis LLP provided legal counsel. Chris Geneser, Partner and CFO of CIVC Partners LP, added, “M2O Private Fund Advisors once again delivered exceptional results, effectively connecting us with high-quality investors early in the process. Their team maintained focus and expertly navigated the process to a swift and successful conclusion.”
About CIVC Partners, LP
CIVC Partners, LP, located in Chicago, is a distinguished private equity firm focused on investments in high-growth middle market companies within the business services sector. Since its inception in 1989, CIVC Partners LP has invested over $2.2 billion across 79 platform companies and more than 150 add-on acquisitions. For further information about CIVC Partners LP and its portfolio companies, please visit www.civc.com.
About M2O Private Fund Advisors
Established in 2012, M2O Private Fund Advisors is a leading placement and advisory firm. M2O offers a comprehensive suite of services, including capital raising and secondary advisory, to private fund managers and investors. The firm specializes in delivering tailored advisory and capital raising solutions to meet the unique needs of each client. M2O has advised on over 115 transactions, representing over $28 billion in capital. Additional details about M2O can be found at www.m2ollc.com.
About Kirkland & Ellis LLP
Kirkland & Ellis LLP is a global leader in providing sophisticated legal counsel to investment fund sponsors, institutional investors, and various participants in the alternative investment fund space. Kirkland & Ellis offers clients extensive resources through a large, integrated, multidisciplinary global team with offices across the United States, Europe, and the Asia-Pacific region. Comprising more than 520 dedicated Investment Funds attorneys, Kirkland & Ellis possesses unparalleled breadth, depth, and scope of experience in investment funds legal services.
Press Contact
Kate Gallego
CIVC Partners
(312) 873-7331
[email protected]
