Austin, TX (December 15, 2016) - CenterGate Capital Partners, LP ("CenterGate"), a leading private equity firm, announced today the final closing of CenterGate Capital Partners I ("CenterGate Fund I" or the "Fund"). CenterGate Fund I, with $350 million in investor capital commitments, will focus on control investments that transform lower middle market companies in North America.
CenterGate Fund I, which had a $300 million target, is the first institutional private equity fund for the firm and was substantially oversubscribed.
Tiffany Kosch, a CenterGate Managing Director, commented "We are humbled by the support from the investment community across the country for our inaugural Fund. Our investor base includes a mix of premier institutions, including foundations, private pension plans, insurance companies, funds of funds, and family offices."
"Despite strong demand, we proactively kept the size of the fund capped at $350 million so we can adhere to our niche investment strategy" ad...