– Platinum Equity confirmed the completion of capital raising for Platinum Equity Small Cap Fund II, L.P., focused on lower middle market investment opportunities.
– The fund exceeded its $1.75 billion target, closing with $2.28 billion in commitments.
– It uses Platinum Equity’s M&A&O® strategy, combining investment expertise with operational capabilities.
– The fund is managed by the firm’s dedicated lower middle market team, established over a decade ago as flagship funds moved into larger deals.
– Tom Gores, Chairman and CEO, highlighted the firm’s three decades of experience and the team’s deep roots in the lower middle market.
– The lower middle market team includes more than 40 M&A and Operations professionals across North America and Europe.
– The team specializes in:
▪️Founder or family-owned business transactions
▪️Complex corporate divestitures
▪️Public-to-private transitions
▪️Acquisitions from diverse private sellers
– Recent acquisitions include:
▪️R&B Wholesale Distributors
▪️Polli
▪️Global and MARS
– Small Cap Fund II is Platinum Equity’s second consecutive successful capital raise.
– The flagship Platinum Equity Capital Partners VI closed in 2024 with $12.4 billion in commitments.
– Since launching its funds business over 20 years ago, Platinum Equity has raised more than $47 billion from institutional investors.
– Simpson Thacher & Bartlett LLP serves as fund counsel and legal adviser for Small Cap II.
