Warren Equity Partners amasses over $1.4bn for fourth fund

WEP IV's limited partners include pension funds, insurance companies, endowments and foundations, fund of funds, and family offices.

  • WEP focuses on North American businesses that maintain, operate, and upgrade infrastructure
  • Aqueduct Capital Group served as placement agent for WEP IV and Kirkland & Ellis LLP provided legal counsel
  • Based in Jacksonville, Florida, Warren Equity Partners invests in the middle market

Warren Equity Partners has closed fourth flagship fund at over $1.4 billion, beating its $1.2 billion target.

WEP IV’s limited partners include pension funds, insurance companies, endowments and foundations, fund of funds, and family offices.

WEP focuses on North American companies that maintain, operate, and upgrade infrastructure. WEP has raised over $3.3 billion in aggregate commitments, and has completed 99 transactions, including the acquisition of 26 platform companies.

“Despite the challenging fundraising market, we had tremendous interest in WEP IV, which we believe was driven by the quality of our team, our performance in prior funds, the attractiveness of our investment strategy, as well as continued support from our long-time limited partners,” said Steven Wacaster, WEP co-founder and managing partner, in a statement. “We have invested significantly in our team and remain excited about continuing to build strong partnerships with market leading companies in our core sectors. Our team will work hard to continue to execute for our investors and employees at both our Firm and portfolio companies.”

Aqueduct Capital Group served as placement agent for WEP IV and Kirkland & Ellis LLP provided legal counsel.

Based in Jacksonville, Florida, Warren Equity Partners invests in the middle market.