Warren Equity raises $673m for infrastructure-focused buyout fund Wednesday, May 05, 2021
Laxman Pai, Opalesque Asia:
Warren Equity Partners, a private equity firm that invests in the lower middle market primarily in North America, has wrapped up its latest fundraising effort with $673 million.
According to a press release from the firm that backs industrial businesses focused on upgrading and supporting infrastructure and buildings, the final tally for Warren Equity Partners Fund III LP and a related parallel fund more than doubled the initial size of the Florida-based firm s previous fund, which closed with $310 million in 2019.
Founded in mid-2015 by Steven Wacaster, Scott Bruckmann, and Henrik Dahlback, WEP invests in the form of buyouts and recapitalizations in established North American companies with a focus on businesses that maintain, operate, and upgrade infrastructure. The Firm currently manages $1.2 billion and has completed 48 transactions, including the acqui