Saw Mill Capital Raises $340M For Second Fund

Jul 14 2017 | 8:17pm ET

Middle market private equity company Saw Mill Capital has held a final closing for its second buyout fund, garnering $340 million in capital commitments and exceeding its original target $300 million. 

The new fund, named Saw Mill Capital Partners II was raised independently and received support from both existing investors and select new institutional investors. The fund’s general partner represents nearly 10% of total commitments.

Saw Mill makes buyout investments in North American manufacturing, industrial and commercial service, and specialty distribution businesses with $5 million to $25 million of EBITDA. The company has already made two platform investments from Fund II. 

Kirkland & Ellis LLP served as legal counsel to Saw Mill, the company added. 

Founded in 1997 and based in Briarcliff Manor, NY, Saw Mill Capital acquires manufacturing and service companies with enterprise values of $25 to $200 million. 


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