Dallas-based private equity firm CenterOak Partners has closed its second fund at $690 million, beating its $575 million target. CenterOak Equity Fund II’s limited partners include public and private pension funds, endowments, foundations, funds of funds, family offices and insurance companies. The fund will invest in middle-market companies in the business services, industrial growth and consumer sectors. Credit Suisse Securities (USA LLC) was advisor and placement agent for the fund while Gibson, Dunn & Crutcher LLP served as legal counsel to CenterOak.
DALLAS – April 13, 2021 – CenterOak Partners LLC (“CenterOak”), a Dallas-based private equity firm, today announced the closing of CenterOak Equity Fund II (“Fund II”) with total equity commitments of $690 million. Fund II was oversubscribed, exceeding its $575 million target and closed at its hard cap.
Fund II will continue the firm’s strategy of investing alongside managers of attractive middle market companies in the business services, industrial growth, and consumer sectors across the U.S. Fund II received investments from public and private pension funds, endowments, foundations, funds of funds, family offices and insurance companies.
“We are very pleased and honored to have received such strong support from existing and new investors,” said Randall Fojtasek, Chief Executive Officer and Managing Partner of CenterOak. “We are thankful for the confidence and long-term commitment of our limited partners and look forward to working alongside our investors to create value for our stakeholders and management teams.”
The CenterOak team has extensive investment and operating experience in the business services, industrials, and consumer industries, having managed over $2.4 billion of equity in more than 100 transactions with a total transaction value in excess of $6.4 billion.
Credit Suisse Securities (USA LLC) acted as exclusive advisor and placement agent for Fund II, and Gibson, Dunn & Crutcher LLP served as legal counsel to CenterOak.
About CenterOak Partners LLC
CenterOak Partners LLC is a private equity firm with a focus on making control-oriented investments in middle market companies organized or operating in the United States. The Firm specializes in three key industry sectors: Industrial Growth, Consumer, and Business Services. Based in Dallas, Texas, the CenterOak team has a strong history of creating significant value through operational improvements. CenterOak and its Partners have managed over $2.4 billion of equity capital commitments and have completed more than 100 transactions, representing over $6.4 billion in value. For additional information, please visit www.centeroakpartners.com.