SAN FRANCISCO – Valeas Capital Partners, a private equity firm headquartered in San Francisco, has announced the successful closing of its first institutional fund, VCP Fund I, reaching over $600 million. This significantly surpasses the initial target for the fund, demonstrating strong investor confidence in Valeas Capital Partners and its strategic approach to private equity investments.
VCP Fund I garnered substantial support from a diverse group of high-quality institutional investors, alongside endorsements from former investment colleagues and prominent Founders and CEOs from previous investment partnerships. With the completion of this fundraise, Valeas Capital Partners now manages approximately $1.2 billion in assets, marking a significant milestone for the firm.
Founded by Rob Little and Ed Woiteshek, both alumni of Hellman & Friedman, Valeas Capital Partners distinguishes itself through a hands-on, investor-operator approach. Little and Woiteshek have assembled a high-caliber, cross-functional team that leverages its combined investment and operational expertise to collaborate with founders and management teams. This partnership model is designed to accelerate growth strategies and unlock compelling upside potential in portfolio companies. The fund’s general partner is also the largest investor in VCP Fund I, underscoring a strong alignment of interests with its limited partners.
“The successful closing of our inaugural fund is a pivotal moment for Valeas Capital Partners, and we are incredibly thankful for the trust our limited partners have placed in us,” stated Rob Little, Co-founder. “Our partnerships with investors are built on a shared belief that Valeas’ unique blend of investor and operator experience addresses a critical need in the market. We offer management teams a collaborative partner who not only understands their ambitions but also the practical challenges of scaling high-growth businesses.”
Ed Woiteshek, Co-founder, added, “Our expanding portfolio is a testament to the effectiveness of our values-driven culture, our extensive proprietary sourcing network, and our investor-operator philosophy. These elements provide us with unique insights into value creation and execution, often positioning Valeas Capital Partners as the preferred partner for management teams seeking to elevate their businesses.”
To date, Valeas Capital Partners has made five platform investments, exemplifying its strategy of building a focused portfolio of high-potential, growth-oriented companies within attractive sectors where the firm possesses deep industry knowledge. These investments include:
- CINQCARE: A provider-led, community-based healthcare organization focused on value-based care, serving 220,000 Family Members through an extensive network of Black and Brown providers across the U.S.
- Sequoia Financial Group: A leading SEC-registered wealth management firm recognized for exceptional client satisfaction (NPS) and managing $21.5 billion in assets as of September 30, 2024, a significant increase from approximately $10 billion at the time of Valeas’ initial investment two years prior.
- Baker Tilly: A prominent U.S. advisory CPA firm providing audit, tax, and advisory services, primarily to middle-market clients, with revenues exceeding $1.7 billion.
- Ren: A category leader in Donor Advised Fund (DAF) software and managed services, serving financial advisors at major U.S. financial institutions and supporting nearly 500,000 donors on its platform.
- Well: A healthcare technology and services innovator delivering AI-powered benefits navigation and personalized health assistance through a user-friendly mobile app.
In addition to these platform investments, Valeas Capital Partners has actively pursued strategic add-on acquisitions across its portfolio, showcasing its expertise in mergers and acquisitions and its commitment to supporting management teams in driving business growth.
Connaught (U.S.) LLC served as the placement agent, and Kirkland & Ellis LLP acted as the legal advisor for Valeas Capital Partners in connection with the fundraise.
About Valeas Capital Partners
Valeas Capital Partners is a San Francisco-based private equity firm focused on growth-oriented buyout partnerships with industry-leading management teams. Valeas Capital Partners is committed to developing a concentrated portfolio of high-growth, tech-enabled businesses within sectors where its team has significant industry expertise. By leveraging its team’s dual experience as investors and operators, Valeas Capital Partners prioritizes strong collaborations with portfolio company management to establish enduring market leadership and generate substantial value for investors. The firm concentrates on three core sectors: healthcare, financial services, and data & technology. Notable investments include CINQCARE, Sequoia Financial Group, Baker Tilly, and Ren. For further information, please visit valeas.com.
Image: The Valeas Capital Partners team, showcasing their expertise and collaborative approach to private equity investments.
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