Goldner Hawn has held an above target close of its eighth investment fund with $364 million in capital commitments.
Limited partners in Fund VIII include financial institutions, foundations, state pension plans, insurance companies, as well as family offices and high net worth individuals.
Minneapolis-headquartered Goldner Hawn is led by partners Jason Brass, Chad Cornell, Joe Heinen, Pete Settle, and Andrew Tomashek.
“We are thankful for the overwhelming support from our existing investors and excited to welcome a group of new investors as well,” said Mr. Heinen. “This new capital will allow us to continue executing our investment approach of partnering with management teams to create transaction structures and strategies that best position each portfolio company for growth and success.”
Goldner Hawn invests from $10 million to $30 million in companies that have EBITDA of $5 million to $20 million. Sectors of interest include specialty manufacturing, value added distribution, consumer products and services, and outsourced business services. Since its founding in 1989, the firm has made over 100 platform and add-on investments with total transaction values exceeding $4 billion.
To date, Fund VIII has completed three platform investments and eight add-on acquisitions. Two recent acquisitions by Golder Hawn include the July 2023 buy of Adherex Group, a Cleveland-headquartered provider of industrial tapes and films used by distributors, end users, and OEMs in the industrial packaging and manufacturing markets.
In January 2023, the firm acquired Renovation Systems, a Minnesota-based multifamily and commercial services provider of flooring, interior renovations, and emergency restoration.
Goldner Hawn continues to seek additional platform investments for Fund VIII.
Forum Capital Securities was the placement agent for Fund VIII and Kirkland & Ellis provided legal services.
© 2024 Private Equity Professional | May 3, 2024
