Anacapa Partners Closes Third Fund with $79 Million in Commitments
Lower middle-market investor, Anacapa, has closed its third fund.
SAN MATEO, Calif.–(BUSINESS WIRE)–Anacapa Partners, a leading private equity firm focused on acquisitions in the lower middle market, today announced the closing of Anacapa Partners III LP (“Fund III”) with $79 million in commitments.
Anacapa Partners focuses exclusively on search fund investments, providing a vehicle for aspiring entrepreneurs to find, acquire, manage and grow businesses. Long-established and highly experienced in employing the search fund model, Anacapa seeks to create superior returns for all constituencies through revenue growth, operational efficiencies, scale, modest use of financial leverage, and improved management techniques. Anacapa works closely with the entrepreneurs, typically recent graduates of top-tier MBA programs as well as military veterans, in all phases of the investment process, including business screening, due diligence, negotiation of deal structure, operating oversight, and exploration of exit strategies.
“We are pleased to complete this fund raise and excited to continue partnering with individuals, including elite talent that has transitioned from the military, who seek to pursue an entrepreneurial path,” said Jeff Stevens, Founder and Managing Partner, Anacapa Partners. “Given changing demographics in the U.S. and the increased need for baby boomers to transition out of business operating roles, we see continued opportunity for employing the search fund model. With the successful raise of Fund III in an increasingly competitive market, we sincerely thank our investors, operators, advisors and all those with whom we partner for their continued commitment to Anacapa.”
Anacapa seeks to invest in profitable businesses with predictable, stable and recurring revenue and with the potential for continued meaningful growth. Founded in 2010, Anacapa has raised $120 million across its three funds and invested in 45 businesses.
“Along with deep knowledge of search fund investing, Anacapa Partners has a well-earned reputation for working collaboratively with entrepreneurs to drive true value creation in promising companies,” said Colby Lane, CEO, PEC Safety. “After investing in PEC in November 2014, Jeff and Managing Director Ashley Giesler served on PEC’s board and provided continued guidance and support on all aspects of operating and growing our business, with demonstrable positive results, culminating in our recent sale to Thoma Bravo.”
Cooley LLP served as fund formation counsel for Anacapa Partners III LP.
About Anacapa Partners
Anacapa Partners is a private equity fund with a strategic focus of investing in operating companies that have been identified by principals operating within the search fund business model. We take a proactive role with search fund entrepreneurs in all phases of the investment process, including business screening, due diligence, negotiation of deal structure, operating oversight, and exploration of exit strategies. Over the past eight years, Anacapa has invested in 125 individuals/partnerships looking to acquire a nano-cap company, and has made 45 investments in operating companies acquired through the search fund approach. Anacapa partners with entrepreneurs identified through two channels – top tier MBA programs and special operations forces in the United States military. Founded in 2010, Anacapa is headquartered in San Mateo, California. For additional information, please visit www.anacapapartners.com
