Firm: Mason Wells
Fund: Mason Wells Leveraged Buyout Fund III LP
Target: $250 million
Firm: Riverside Partners
Fund: Riverside Fund IV LP
Target: $250 million
Dismal third quarter fundraising totals revealed that buyout firms that don’t need raise money aren’t. Meanwhile, some of the firms that are braving the fundraising market are cautiously doing so by ‘premarketing’ their funds for significant periods in order to gauge investor appetite before officially kicking off the time-intensive practice of full-on fundraising. For some of those firms, the time has come to officially enter fundraising mode.
Mid-market firms
Mason Wells, based in Milwaukee, had been “beating the trees” with word of its third fund for more than a year before “officially” coming to market two to three weeks ago, a source said. The firm seeks to raise $250 million with a $300 million hard cap on
Riverside Partners, meanwhile, pre-marketed its fourth fund for almost a year before entering the market four months ago. As of July, the firm was nearing a first close on