Hammond Kennedy Whitney & Co. closed its latest private equity fund with commitments of $365 million, exceeding its $350 million target.
Launched in September 2017, HKW Capital Partners V LP received commitments from existing and new investors including institutional investors, insurance companies, state pension plans, family offices, high net worth individuals, and foundations and endowments.
HKW will invest in small to mid-size companies in the business services, health and wellness sectors with a target EBITDA of $5 million to $30 million.
It has already made five investments: Indigo Wild LLC, GCR, Certified Tracking Solutions, Urban Armor Gear LLC and Fresh Direct Produce LLC.
Kirkland & Ellis LLP was the counsel for HKW Fund V, while Thomas Capital Group Inc. served as placement and financial adviser.
