Simha Partners Closes Oversubscribed Inaugural Fund with More Than $45 Million to Build a Tire & Auto Services Platform
PE FORUM > Blog > Fundraising News > Simha Partners Closes Oversubscribed Inaugural Fund with More Than $45 Million to Build a Tire & Auto Services Platform
– Simha Partners (“Simha”), an alternative investment firm focused on multi-location and tech-enabled services, announced the closing of its oversubscribed inaugural fund, Simha Partners I, LP, with over $45 million in equity commitments at its hard cap.
– The Fund attracted high-quality limited partners, including institutional investors and family offices, with interest in substantial co-investments alongside the Fund’s commitments.
– Simha Partners was founded and is led by Anish Pathipati, a seasoned private equity investor with prior experience at Silver Lake Partners and as Managing Director at Periphas Capital.
– Pathipati brings deep experience investing across tech-enabled, consumer, and business services sectors.
– He is joined by Tim O’Day and Narendra “Pat” Pathipati, who both previously held senior leadership roles at Boyd Group Services Inc., a North American market leader in auto collision repair with over $3 billion in annual revenue.
– O’Day and Pat Pathipati bring decades of operational experience, having executed and integrated hundreds of acquisitions during their tenure at Boyd.
– Simha Partners aims to make control investments in founder- and family-owned businesses, partnering with strong management teams.
– The firm’s model combines the committed capital of a private equity firm, the operational expertise of corporate executives, and the focus of a business builder.
– Simha’s inaugural fund will focus exclusively on acquiring and scaling a platform in the tire and auto services industry.
– The firm has developed a detailed thesis in this sector, emphasizing opportunities in organic and acquisition-driven growth, operational excellence, and technology application.
– The Fund’s single-industry focus underscores Simha’s commitment and strategic depth in tire and auto services.
– Founder and Managing Partner Anish Pathipati expressed gratitude to investors, highlighting the fund’s innovative structure and focus on building a category-leading platform in tire and auto services.
– Partners Tim O’Day and Pat Pathipati emphasized their unique operator perspective and commitment to providing patient capital and strategic support to help portfolio companies achieve lasting success.
– The Fund attracted high-quality limited partners, including institutional investors and family offices, with interest in substantial co-investments alongside the Fund’s commitments.
– Simha Partners was founded and is led by Anish Pathipati, a seasoned private equity investor with prior experience at Silver Lake Partners and as Managing Director at Periphas Capital.
– Pathipati brings deep experience investing across tech-enabled, consumer, and business services sectors.
– He is joined by Tim O’Day and Narendra “Pat” Pathipati, who both previously held senior leadership roles at Boyd Group Services Inc., a North American market leader in auto collision repair with over $3 billion in annual revenue.
– O’Day and Pat Pathipati bring decades of operational experience, having executed and integrated hundreds of acquisitions during their tenure at Boyd.
– Simha Partners aims to make control investments in founder- and family-owned businesses, partnering with strong management teams.
– The firm’s model combines the committed capital of a private equity firm, the operational expertise of corporate executives, and the focus of a business builder.
– Simha’s inaugural fund will focus exclusively on acquiring and scaling a platform in the tire and auto services industry.
– The firm has developed a detailed thesis in this sector, emphasizing opportunities in organic and acquisition-driven growth, operational excellence, and technology application.
– The Fund’s single-industry focus underscores Simha’s commitment and strategic depth in tire and auto services.
– Founder and Managing Partner Anish Pathipati expressed gratitude to investors, highlighting the fund’s innovative structure and focus on building a category-leading platform in tire and auto services.
– Partners Tim O’Day and Pat Pathipati emphasized their unique operator perspective and commitment to providing patient capital and strategic support to help portfolio companies achieve lasting success.