For Immediate Release
January 3, 2023
DFW Capital Partners announced today that it has held the final closing of DFW Capital Partners VII, L.P. (“Fund VII”), an investment partnership dedicated to making control investments in lower-middle market service companies. DFW initially sought $750 million in commitments, and was over-subscribed at its hard cap of $800 million, benefitting from both an increase in participation from existing limited partners, as well as the addition of several new institutional investor relationships. The firm’s investment professionals and Operating Partners, as well as a dozen current and former portfolio company executives also made significant commitments to the new fund. Fund VII is the successor to DFW Capital Partners VI, L.P., which held its first and final closing in April 2019 with $500 million of commitments. With the closing of Fund VII, DFW now manages in excess of $1.8 billion in assets dedicated to buyout and control-growth investment opportunities in the lower-middle market.
Keith W. Pennell, Managing Partner of DFW, commented: “We are grateful for the continued support of our limited partners and team members as we wrap fundraising for Fund VII. In the face of a very challenging fundraising and economic environment, we are delighted to have had a significant re-up of all of our core LP relationships. Furthermore, we were able to welcome several new domestic and international investors into the DFW family. The increased fund size provides us with greater flexibility in pursuing partnerships in the lower middle-market and provides a greater capital base to support our companies’ accelerated growth, while deepening our commitment to the strategy which has proven successful for DFW over the years.”
DFW is actively seeking new platform investments in growing service companies, including healthcare services, general business and industrial outsourcing services and opportunities specific to the specialty pharmaceutical sector. DFW typically invests $25 million to $125 million of fund capital in each opportunity, but can lead significantly larger deals with the support of its institutional co-investors.
About DFW Capital Partners
DFW Capital Partners is a private equity investment firm focused on lower middle-market companies. The firm concentrates on service companies, with an emphasis on healthcare and outsourced business and industrial support services. DFW has established a long track record of success in both building leading companies, and recognizing outstanding returns for its investors. DFW is based in Teaneck, NJ, and maintains an office in Chevy Chase, MD. For more information contact Keith Pennell, Managing Partner, at (201) 836-6000.