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Jersey Shop Looks To Nearly Triple Fund Size

Firm: DFW Capital Partners

Fund: DFW Capital Partners IV LP

Target: $150 million

Placement Agent: Griffin Financial Group LLC

The firm expects to hold a first close in the next few weeks, he said.

The target marks a slight uptick from the amount the firm’s executives initially planned to seek. Co-founder Don DeMuth told Buyouts in July 2011 that the Teaneck, N.J.-based shop would seek $100 million to $125 million for the fund.

Regardless, a $150 million fund would be substantially larger than DFW Capital’s previous fund, which closed in 2010 with $54 million in commitments. In that previous report, DeMuth had said the amount is in line with the amount of capital the firm typically manages because its limited partners typically co-invest in its deals.

Griffin Financial Group LLC, a King of Prussia, Pa.-based placement agency, is assisting the firm in raising the new fund, DFW Capital Partners IV LP.

DeMuth helped found the firm, then known as DeMuth Folger & Terhune, in 1983 after a 14-year investment banking career at Kidder Peabody & Co.

Today the firm targets buyouts of and growth investments in lower mid-market companies generating EBITDA of $3 million to $10 million and annual revenues of $20 million to $100 million. Sectors of interest include health care services, business services and industrial services. The firm has five partners.