Southfield Capital Closes Oversubscribed $303 million Fund III and Exceeds Hard Cap
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GREENWICH, Conn., April 7, 2021 /PRNewswire/ Southfield Capital, LLC ( Southfield ), a Greenwich, CT based private equity firm focused on control investments in growth-oriented lower middle market business services companies, raised $303 million for its third institutional fund, Southfield Capital III L.P. ( Fund III ). Fund III exceeded its hard cap and was oversubscribed with strong support from an experienced group of institutional limited partners, including public pensions, insurance companies, endowments, fund-of-fund managers, and family offices.
Fund III will seek to partner and invest in entrepreneur-built business services companies in the lower middle market where there is a clear path to increase EBITDA more than 3x organically and through acquisitions. Southfield seeks to work collaboratively with management teams to grow their