Insight

Angeles Equity Partners collects over $540m for sophomore fund

Angeles Equity Partners II's limited partners include endowments, foundations, public pension plans, fund-of-funds and family offices.

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  • Consistent with its first fund, Angeles will continue to invest in underperforming industrial businesses in North America
  • Kirkland & Ellis LLP provided legal counsel to Angeles and Rede Partners LLP acted as global placement advisor for Fund II
  • Based in Santa Monica, California, Angeles Equity Partners, invests in the lower middle market

Angeles Equity Partners has raised over $540 million, beating its $500 million target.

Angeles Equity Partners II’s limited partners include endowments, foundations, public pension plans, fund-of-funds and family offices.

Consistent with its first fund, Angeles will continue to invest in underperforming industrial businesses in North America.

Angeles has already committed capital to four platform investments in the new fund: Agile Occupational Medicine, Precision Surfacing Solutions, Data Clean and Custom Goods.

On the fundraising, Jordan Katz, co-founder and managing partner of Angeles Equity Partners, said in a statement, “There are a number of attractive market fundamentals currently at play which we feel bolster our strategy and look forward to capitalizing on them for our investors as we continue our mission to be the leading middle-market industrials firm.”

Kirkland & Ellis LLP provided legal counsel to Angeles and Rede Partners LLP acted as global placement advisor for Fund II.

Based in Santa Monica, California, Angeles Equity Partners, invests in the lower middle market.