Firm: Snow Phipps Group LLC
Fund: Snow Phipps II LP
Target: $700 million
Amount Raised: $612.7 million
Placement Agent: Credit Suisse
The New York firm held a $308 million first close in January 2010, according to Thomson One, a sister database service to Buyouts. The firm began fundraising in the fall of 2009 for the followup to its $600 million debut fund.
The firm was founded in 2005 by Ian K. Snow, CEO and partner, who had been with
Snow Phipps Group invests in middle-market companies in the specialty franchising, basic and process industries, apparel and luxury retail, media technology, specialty finance, IT services and telecommunications equipment and industrial components sectors, according to peHub, a sister Web site.
The firm targets companies primarily located in North America with enterprise values ranging from $100 million to $500 million that require equity investments ranging between $40 million and $100 million, according to the Snow Phipps Group Web site.
Top co-investors include
Credit Suisse is the firm’s placement agent. The firm did not respond by deadline to a request for comment.