Firm: Blue Point Capital Partners
Fund: Blue Point Capital Partners II LP
Target: $400 million
Amount Raised: $400 million
Placement Agents: Fortress Group and Probitas Partners
Legal Advisor: Kirkland & Ellis
With offices in Seattle and Charlotte, N.C., the firm focuses mainly on industrial and manufacturing companies, as well as professional services and business-process firms. Equity checks range from $15 million to $50 million for companies generating yearly revenue of $25 million to $250 million and EBITDA of at least $5 million.
The firm is one of a handful of United State mid-market firms to employ a robust Asian strategy for deals and portfolio company development. The LBO shop opened a Shanghai liaison office in 2004, allowing the firm to source materials for U.S.-based portfolio companies and open new markets for sales.
Blue Point Capital was formed in 2000 when Key Equity Capital spun out of parent Key Corp. with the bank’s support. Previous investors include Key Corp.,
Blue Point Capital Partners II LP matches in size the firm’s first vehicle, closed in 2002. The firm closed on $150 million of the second fund last year.—J.H.