Insight

WestView wraps up fifth fund at $1bn

Fund V's limited partners include endowments, pension funds, foundations, fund of funds and family offices.

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  • Fundraising launched in September 2022
  • Goodwin Procter advised WestView on the fund formation
  • Westview targets business services, IT services, healthcare technology and outsourcing, software, and growth industrial companies

WestView Capital Partners has closed its fifth fund at a hard cap of $1 billion.

Fund V’s limited partners include endowments, pension funds, foundations, fund of funds and family offices. Fundraising launched in September 2022.

Westview targets business services, IT services, healthcare technology and outsourcing, software, and growth industrial companies.

“We appreciate the strong support from our investors and look forward to continuing to execute on our control-agnostic investment strategy of partnering with outstanding management teams and employing flexible investment structures,” said Managing Partners Carlo von Schroeter, Rick Williams, Matt Carroll and Jonathan Hunnicutt in a statement. “We are extremely proud of the entire WestView team and the management teams we partner with who have driven the success we have achieved as a firm.”

Since its founding, WestView has invested in 54 companies and has had 32 realizations representing over $2.2 billion in cash proceeds.

Goodwin Procter advised WestView on the fund formation.

Based in Boston, WestView Capital Partners is focused on middle market growth companies. The firm manages $2.7 billion in capital across five funds.