Austin, TX - CenterGate Capital ("CenterGate"), an Austin, Texas-based lower middle market private equity firm, is pleased to announce the final closing of CenterGate Capital Partners II ("Fund II" or the "Fund"), with over $375 million of capital. Fund II experienced strong investor demand and exceeded its target.
"We are grateful for our continued partnership with a supportive group of diverse institutional investors and are excited to welcome our new investors,” commented Lewis Schoenwetter, Managing Partner of CenterGate. “We believe Fund II drew strong interest from investors as a result of our consistent investing approach, the quality of the CenterGate team, and our success in creating value,” added Tiffany Kosch, Managing Partner of CenterGate. “With Fund II, we will continue our focus on control investments that transform lower middle market companies in North America.”
CenterGate secured commitments for Fund II from a diversified investor base comprised of leading pension funds, endowments, foundations, family offices, asset management firms, and financial institutions. Since inception, CenterGate has completed twelve platform investments, eighteen add-on acquisitions, and has grown to a team of over twenty people.
About CenterGate Capital
CenterGate Capital is a private equity firm managing over $740 million. We focus on growing lower middle market companies. Our goal is to partner with management to create value for all stakeholders of our portfolio companies. CenterGate possesses flexible capital, enabling us to tailor each investment to a company's ownership goals and growth strategies. We structure transactions to enable owners to monetize their equity while also positioning the company for future growth. For more information, visit www.centergatecapital.com.