DFW Capital wraps up seventh fund at $800m

Fund VII's investors include existing limited partners and new institutional investors.

  • DFW’s previous fund closed at $500 million in April 2019
  • DFW typically makes investments of $25 million to $125 million apiece
  • Based in Teaneck, New Jersey, DFW Capital Partners targets the lower middle market

DFW Capital Partners has closed its seventh fund at a hard cap of $800 million, beating its $750 million target.

Fund VII’s investors include existing limited partners and new institutional investors.

With this fund-closing, DFW now manages in excess of $1.8 billion.

DFW’s previous fund closed at $500 million in April 2019.

On the fundraising, Keith W. Pennell, a managing partner of DFW, said in a statement, “We are grateful for the continued support of our limited partners and team members as we wrap fundraising for Fund VII. In the face of a very challenging fundraising and economic environment, we are delighted to have had a significant re-up of all of our core LP relationships.”

DFW backs growing service companies, including healthcare services, general business and industrial outsourcing services and opportunities specific to the specialty pharmaceutical sector. DFW typically makes investments of $25 million to $125 million apiece.

Based in Teaneck, New Jersey, DFW Capital Partners targets the lower middle market.