– Pacific Avenue Capital Partners announced the closing of Pacific Avenue Fund II with over $1.65 billion in committed capital.
– The total includes a €100+ million sidecar vehicle targeting European opportunities.
– Both Fund II and the European sidecar were raised in a single closing, completed in under four months.
– The vehicles were significantly oversubscribed, attracting strong demand from both new and existing investors.
– Chris Sznewajs, Founder and Managing Partner, expressed gratitude to investors and noted the fundraising success validates the firm’s strategy.
– Pacific Avenue focuses on corporate carve-outs and complex transactions in the middle market.
– The firm operates from offices in Los Angeles, California, and Paris, France.
– Specialization includes acquiring businesses facing operational and strategic challenges in high-quality, mission-critical industries.
– Known for close partnerships with management teams, leveraging deep M&A and operational expertise for transformation and value creation.
– Fund II’s investor base includes public pensions, consultants, endowments, foundations, insurance companies, funds of funds, and family offices.
– Pacific Avenue Fund I closed in April 2023 with commitments exceeding $500 million.
– Lazard acted as exclusive placement advisor; Weil, Gotshal & Manges LLP served as legal counsel.
