Crux Capital Ltd Closes Oversubscribed $340M Inaugural Fund Focused on Sunbelt Businesses
PE FORUM > Blog > Fundraising News > Crux Capital Ltd Closes Oversubscribed $340M Inaugural Fund Focused on Sunbelt Businesses
– Crux Capital (“Crux”), a Dallas-based lower-middle market private equity firm, announced the final closing of its first institutional fund, Crux Capital Fund I, L.P.
– The Fund focuses on businesses in the consumer and commercial services industries with strong presence in the Sunbelt region of the United States.
– The Fund was oversubscribed, closing at its hard cap with over $340 million in capital commitments after a nine-month fundraising period.
– Commitments came from university endowments, charitable foundations, family offices, funds of funds, and industry executives.
– Wayne Moore, Managing Partner, highlighted the support from partners and emphasized Crux’s specialized strategy of partnering with founders and management teams in consumer and commercial services.
– Crux aims to make control and significant minority investments in founder- and family-owned businesses, often as their first institutional capital partner.
– The firm leverages deep industry networks and operational experience to accelerate growth and scale businesses.
– James Kay, Partner at Crux, noted the strong market opportunity in the lower-middle market and stressed Crux’s collaborative, hands-on approach that provides capital, strategy, and operational resources.
– Lazard acted as exclusive placement advisor to the Fund.
– The Fund focuses on businesses in the consumer and commercial services industries with strong presence in the Sunbelt region of the United States.
– The Fund was oversubscribed, closing at its hard cap with over $340 million in capital commitments after a nine-month fundraising period.
– Commitments came from university endowments, charitable foundations, family offices, funds of funds, and industry executives.
– Wayne Moore, Managing Partner, highlighted the support from partners and emphasized Crux’s specialized strategy of partnering with founders and management teams in consumer and commercial services.
– Crux aims to make control and significant minority investments in founder- and family-owned businesses, often as their first institutional capital partner.
– The firm leverages deep industry networks and operational experience to accelerate growth and scale businesses.
– James Kay, Partner at Crux, noted the strong market opportunity in the lower-middle market and stressed Crux’s collaborative, hands-on approach that provides capital, strategy, and operational resources.
– Lazard acted as exclusive placement advisor to the Fund.
– Weil, Gotshal & Manges LLP served as legal counsel.