Firm: Bowside Capital
Fund: Bowside Capital Fund I
Target: $10 million
Amount Raised: $10 million
Albert said he was passionate about his fund’s unique focus, which seeks to tap an underappreciated universe of smaller companies ripe for private equity investment. There are only a small number of quality private equity firms that focus on the smaller company space, he said, yet the variety of possible small company investments is enormous and relatively untapped.
Bowside’s Fund I, which closed in November having raised around $10 million, has already made commitments to four small PE shops:
The fund also co-invested alongside Guardian Capital in the acquisition of
Albert expects Bowside’s second fund to close with around $30 million and have a similar strategy to Fund I. That strategy involves a split between commitments to small private equity firms and direct investments with some of those same firms.
At present, Bowside has about 25 investors, most of whom, Albert says, are high net worth individuals. Among them is Norman Alpert, a founder and managing director of private equity firm