WestView Is Fast Approaching Fundraising Goal

Firm: WestView Capital Partners

Fund: WestView Capital Partners II

Target: $300 million

Placement Agent: Probitas Partners

Boston-based buyout shop WestView Capital Partners has collected $290 million for its second fund, and will shortly hold a final close on the new pool that’s expected to exceed its $300 million target, a source familiar with the situation told Buyouts.

Westview Capital began marketing WestView Capital Partners II in September 2008, using Probitas Partners as its placement agent. Chicago-based fund-of-funds manager Twin Bridge Capital Partners recently committed $10 million to Fund II, while the Massachusetts Pension Reserves Investment Management Board made a $25 million pledge.

Westview Capital Partners was founded in 2004 by Managing Partners Carlo von Schroeter, formerly of Weston Presidio, and Richard Williams, formerly of Tudor Investment Corp.’s private equity group. The firm’s first fund was a $195 million vehicle that closed in 2005.

WestView Capital invests exclusively in lower-mid-market companies. The firm works with existing management teams to sponsor minority and majority investments in industries including business services, health care services, IT services, industrial, distribution/logistics, media/publishing and financial services. WestView Capital targets companies with operating profits between $3 million and $15 million with investment sizes ranging from $5 million to $25 million. The firm can participate in larger deals through co-investments from limted partners or other co-investors.