– Timber Bay Partners (“Timber Bay”), a private equity firm focused on GP-led secondary transactions, announced the final closing of Timber Bay Fund III with $281 million in total capital commitments.
– The fund is Timber Bay’s third flagship fund.
– Founder and managing partner Joe Woods highlighted the firm’s disciplined, selective investment approach and long-standing experience in the space since 2008.
– The fund closed above its target due to strong alignment and continued support from existing investors.
– Commitments came from a diversified group of institutional investors, including foundations, endowments, family offices, and health systems.
– Timber Bay sees significant opportunity in the lower-middle market despite an industry trend toward capital concentration among the largest private equity firms.
– The firm focuses on areas where complexity, specialization, and proprietary sourcing create attractive investment opportunities.
– Timber Bay emphasizes active governance, structured solutions, and meticulous underwriting to generate alpha.
– The successful fundraise demonstrates continued investor confidence in Timber Bay’s strategy, track record, and long-term investment approach.
