Huron Capital Partners, a private equity firm based in downtown Detroit, and Sixpoint Partners, a global investment bank in New York serving the middle market, today announced the successful closing of The Huron Flex Equity Fund, L.P. (Huron Flex Fund), with $142 million of total capital commitments.
The fund, the sixth investment vehicle for Huron Capital Partners since 1999, surpassed its initial target of $100 million after seven months in the market. Similar to Huron Capital’s other funds, The Huron Flex Fund’s diversified investor base includes endowments, foundations, multi-manager funds, corporate pensions, and family offices.
The Huron Flex Fund received support from existing Huron Capital investors as well as a number of new limited partner relationships. Huron Flex Fund will make non-control investments to provide customized and flexible solutions to help business owners accomplish a variety of growth and liquidity objectives.
Senior members of the Huron Flex Fund team include Doug Sutton, partner, Flex Equity, and Charlie Sheridan, principal, Flex Equity, who together have a successful 20-plus year history of sourcing, closing, and managing non-control investments in lower middle market companies.
“We deeply value the tremendous confidence and broad support that our new and existing investors have placed with our experienced investment team. We remain focused on delivering strong returns to our limited partner base across the platform,” says Brian Demkowicz, managing partner of Huron Capital.
“We are focused on remaining a strategic solution provider to our limited partners and working with them to identify attractive entry points in the lower middle market. Our goal is to leverage our buy-and-build strategy in partnership with seasoned executives to improve and grow our businesses through strategic initiatives, operational improvements, and add-on acquisitions throughout the lower middle market.”
Huron Capital is an operationally focused private equity firm that helps companies grow by combining its operational approach, substantial capital base, and transaction experience with seasoned operating executives.
Founded in 1999, Huron Capital has raised over $1.8 billion in capital through six committed private equity funds and invested in over 150 companies. The Huron Capital buy-and-build investment model includes equity recapitalizations, family succession transactions, market-entry strategies, corporate carve-outs, and management buyouts of companies having revenues up to $200 million.