Thayer Street collects over $275m for new fund

• Thayer Street will invest an initial targeted range of $5 million to $50 million per transaction
• Based in New York City, Thayer Street invests in the financial services, business services and real estate services sectors

Thayer Street Partners Management has closed its second opportunity fund in excess of $275 million.

Fund II will target the lower middle market.

On the fundraising, Josh Koplewicz, founder and managing partner of Thayer Street, said in a statement, “Based on the success of our first fund, we continue to implement a rigorous and disciplined investment strategy that seeks to focus on a small number of high-quality investments each year. Fund II will build on our approach of providing flexible capital solutions to support our partner companies’ growth objectives and foster shared long-term success. We greatly appreciate the partnership of our existing investors and the significant interest we have received from our new limited partners.”

Thayer Street will invest an initial targeted range of $5 million to $50 million per transaction.

Based in New York City, Thayer Street invests in the financial services, business services, and real estate services sectors.