LPs

Emerging Manager Roundup: ATL, Tower Arch, Tiger Infrastructure, Triangle Peak and more

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Roundup

Emerging managers are keeping up their pace in the strong fundraising environment that appears to be welcoming to newer shops.

Seventeen emerging managers raised more than $2.4 billion from the time period of March 13 through March 26, according to Buyouts data.

ATL Partners outraised all firms with $475 million for Fund II. The firm invests in aerospace, transportation and logistics in North America.

Not far behind was Tower Arch Partners, which hit the $450 million hard cap on its sophomore fund. It invests in growing product or service companies in the U.S.

Tiger Infrastructure raised more than $301 million for its second fund. It invests in communications, energy and transportation infrastructure platforms.

On the venture side, Triangle Peak Partners led with $127 million, for Fund III, which is targeting $300 million. It makes Series B investments in technology companies.

Below is a rundown of the most significant emerging private equity and venture funds that Buyouts has identified as being in the market over the past few weeks:

Private Equity:

Anzu Partners focuses on four key industries: manufacturing, materials, measurement & monitoring and modeling. Its sophomore industrial fund raised $44.2 million of a targeted $150 million.

ATL Partners invests in aerospace, transportation and logistics sectors in North America. Its sophomore fund raised $475 million.

Mill Road Capital focuses on investments in publicly traded micro-cap companies. Its third fund raised $183.5 million of a targeted $525 million.

Quadria Capital helps regional healthcare companies grow into regional leaders. Its sophomore fund raised $98.5 million.

Raven Capital Management provides loan secured by assets and outright purchase of cash flowing assets in the lower middle market. It raised $50 million of a targeted $300 million.

Recurring Capital Partners specializes in debt financing for SaaS and other technology-driven companies. Its sophomore fund raised more than $29.6 million.

Serve Capital Partners, founded by former UTIMCO members Scott Bigham and Mike McClure, focuses on investing in SBIC funds, lower middle-market funds and co-investments. Its sophomore fund raised $68 million.

Shelter Growth Capital is dedicated to building and managing portfolios of mortgage related instruments. It raised more than $158 million across two funds.

Tiger Infrastructure Partners invests in growing infrastructure platforms in communications, energy and transportation sectors primarily located in North American and Europe. Its sophomore fund raised more than $301.5 million.

Tower Arch Capital invests in growing end-market demand product or service companies throughout the U.S. Its sophomore fund closed at its hard cap of $450 million.

Venture Capital:

Activant Capital partners with high-growth companies transforming the industrial complex. It raised more than $115.3 million of a targeted $250 million.

ATX Venture Partners is an early stage firm focusing on software, IoT, e-commerce and mobile applications. It raised over $32.3 million.

FusionX Ventures invests in promising early-stage startups in technology, industrial and medical/life sciences sectors. Its sophomore fund raised $20.6 million of a targeted $50 million.

Moonrise Capital is a global venture firm that focuses on technology development and commercialization. Its first China fund raised $105.7 million of a targeted $125 million.

Tech Council Ventures makes early-stage investments in rapid growth technology companies in the Mid-Atlantic region of the U.S. It raised more than $49 million across two funds.

Triangle Peak Partners makes Series B investments across all sectors of technology. Its third fund raised more than $127 million of a targeted $300 million.

venBio partners with industry leaders to build game-changing medicines and technologies. Its third fund raised $118 million of a targeted $350 million.