Firm: CapStreet Group
Fund: CapStreet IV LP
Target: $250 million
Amount Raised: $325 million
Placement Agent: None
The firm held a first close in January on $249.4 million for CapStreet IV LP, according to a filing with the U.S. Securities and Exchange Commission, sister website for peHUB reported. CapStreet filed another SEC filing last week showing it had collected $325 million from a total of 63 investors. The firm appears not to have used a placement agent, according to the most recent filing.
The fundraising process took 3-4 months from start to finish, Kelly said.
CapStreet targets lower mid-market companies with enterprise values of less than $150 million, according to the firm’s website. The firm, based in Houston, was founded in 1990 and has led or co-led investments in 35 portfolio companies.
CapStreet closed its third fund on $178 million in 2010. Performance information about the prior fund was not immediately available as of press time.
In September, CapStreet completed the recapitalization of Industrial Plant Services, a provider of corrosion resistant and non-metallic products for the petrochemical and industrial sectors.
Chris Witkowsky is editor of peHUB.