Personal equity company Lumber Bay Partners has actually revealed the last close of its 3rd flagship fund, Lumber Bay Fund III, with $281 million in overall capital dedications.
The fund got dedications from brand-new and current institutional financiers, consisting of structures, endowments, household workplaces and health systems, the business specified in a release.
” Our group has actually been purchasing this area because 2008, and as the chance set continues to widen, we stay dedicated to a disciplined, extremely selective financial investment technique,” stated Creator and Handling Partner Joe Woods
Lumber Bay thinks a “substantial chance” exists in the lower-middle market. The company thinks this section of the marketplace stays a location where active governance, structured options, and precise underwriting competence can drive real alpha generation, journalism release specified.
Lumber Bay has around $1.1 billion in properties under management. The Cincinnati-based personal equity company is committed to GP-led secondaries in the lower-middle market.
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