Transom Capital Group closes oversubscribed Fund IV at $675 million

– Transom Capital Group: A private equity firm focused on operational improvements in the middle market.

– Fund IV Closing: Successfully closed Transom Capital Fund IV with $675 million in capital commitments, over double the size of its previous fund, exceeding its target and initial hard cap.

– Investor Composition: Investors in Fund IV include endowments, foundations, corporate and public pension plans, insurance companies, funds-of-funds, and family offices.

– Co-Investor Capital: Raised an additional $79.5 million in co-investor capital commitments.
– Leadership Comments:

– Russ Roenick, Co-Founder and Managing Partner described the oversubscribed close as a significant milestone, crediting Transom’s 16-year record and commitment to operational improvements in the middle market.

– Ken Firtel, Co-Founder and Managing Partner shared that Fund IV is already performing well, with three platform investments closed and an expanding pipeline of future opportunities.

– Investment Strategy: Focuses on value-oriented investments in orphaned or undermanaged businesses, particularly lender-owned or corporate carve-outs.

– Integration of Teams: M&A and Operations Teams work together throughout each investment to transform businesses and create value.

– Notable Investment: Fund IV’s second investment was in Artivo Surfaces, a flooring and tile distribution company formed from the combination of Virginia Tile and Galleher, a portfolio company.

– Legal Counsel: Proskauer Rose LLP served as fund counsel for Fund IV.