Saw Mill Capital Announces $435 Million Oversubscribed Fund III
– Saw Mill Capital closed its $435 million Saw Mill Capital Partners III, LP.
– The fund has a diverse investor base including insurance companies, consultants, public pensions, endowments, family offices, sovereign wealth funds, wealth managers, and funds-of-funds across North America, Europe, and globally.
– Saw Mill’s investment team committed $50 million to Fund III to align incentives with investors and management teams.
– Howard Unger, Founder and Managing Partner, expressed gratitude for the trust of both new and long-standing investors and emphasized the value of Saw Mill’s differentiated approach in the lower middle-market.
– Fund III is over 25% deployed in three portfolio companies: RAFXRx (residential roofing provider), Southern Aluminum (manufacturer of specialty hospitality furniture), Pro Max Fence Systems (commercial fencing contractor).
– Fund III continues to focus on leveraging Saw Mill’s partnership-driven model and industry research to drive value creation.
– Scott Rivard and Tim Nelson, Partners and Investment Committee members, emphasized the role of deep, industry-focused research in identifying high-potential businesses and creating tailored strategies for growth.
– Harris Williams served as placement agent for Fund III.
– Latham & Watkins served as fund counsel for Fund III.