– Insignia Capital Group announced the closing of its newest fund with over $500 million in total capital commitments.
– The fund was oversubscribed, exceeding its $375 million target and closing at its hard cap.
– Strong participation came from existing limited partners, with a few new investors joining.
– David Lowe, Managing Partner, described the achievement as a privilege and affirmation of the firm’s strategy and investor trust.
– Tony Broglio, Managing Partner, emphasized the firm’s responsibility to deliver strong performance for foundations, endowments, pension plans, and other investors.
– The new fund will focus on control and influential minority investments in North American companies.
– Target sectors include tech-enabled business services and consumable products.
– Insignia aims to partner with founders and management teams to drive growth organically and through strategic M&A.
