BOSTON– Westview Capital Partners, a growth equity firm based in Boston, has announced the successful closing of its fifth fund, WestView Capital Partners V, L.P. (“Fund V”). The fund was oversubscribed and reached its target and hard cap of $1.0 billion in limited partner commitments. This latest fund brings WestView’s total capital raised since its inception in 2004 to $2.7 billion. Fund V will continue WestView’s established strategy of partnering with exceptional management teams, providing both minority and majority investments in leading growth-oriented companies.
“We are grateful for the strong support from our investors and are excited to continue our control-agnostic investment strategy, partnering with outstanding management teams and utilizing flexible investment structures,” stated Managing Partners Carlo von Schroeter, Rick Williams, Matt Carroll, and Jonathan Hunnicutt. “We are incredibly proud of the entire WestView team and the management teams we collaborate with, who have been instrumental in driving the success we have achieved as a firm.”
Since its founding, WestView Capital Partners has invested in 54 companies and achieved 32 realizations, generating over $2.2 billion in cash proceeds. Fund V will focus on making both minority and majority investments in growth companies, typically those that are founder-owned and managed and have not previously secured institutional capital. WestView’s investment targets within Fund V will primarily be companies operating in business services, IT services, healthcare technology and outsourcing, software, and growth industrial sectors.
Fundraising for Fund V was launched in September 2022 and saw significant backing from WestView’s existing investor base, while also attracting a select group of new institutional investors. The investor base for Fund V is stable and diverse, comprising prominent institutions such as endowments, pension funds, foundations, fund of funds, and family offices. Notably, over 40 former and current executives from WestView portfolio companies are also investors in Fund V, highlighting the firm’s strong network and reputation.
Goodwin Procter served as legal counsel to WestView in the formation of Fund V.
About WestView Capital Partners
WestView Capital Partners is a Boston-based growth equity firm focused on investing in middle-market growth companies. With $2.7 billion in capital under management across five funds, WestView partners with existing management teams to facilitate minority and majority recapitalizations, growth capital investments, and consolidation transactions. The firm’s sector focus includes business services, IT services, healthcare technology and outsourcing, software, and growth industrial. WestView Capital Partners typically targets investments ranging from $20 to $100 million in companies with at least $10 million in revenue and operating profits between $3 and $25 million. For further details, please visit www.wvcapital.com.
Contacts
Kevin Daury
[email protected]
617-261-2057
