Thompson Street Capital Partners, a St. Louis-based private equity firm focused on investing in middle market founder-led businesses, today announced the closing of its latest private equity fund, TSCP IV, with $640 million in commitments. The fundraising commenced in September 2015 and closed in December 2015. The fund’s total commitments of $640 million exceeded the fund’s target of $500 million and the original hard cap of $600 million.
Since 2000, Thompson Street Capital Partners has acquired more than 100 companies in the business services, healthcare services and engineered products sectors. The firm has managed more than $800 million in equity across the prior three funds, with a focus on investing in founder-led middle market companies in North America with EBITDA between $4 – $15 million. TSCP IV will remain consistent with that strategy.
“We are pleased that our investment approach and track record strongly resonated with limited partners around the world,” said Jim Cooper, Managing Partner at Thompson Street Capital Partners. “Now in our fourth fund, we are confident that our focus on founder-led businesses and deep expertise in the business services, healthcare services and engineered products industries will continue to help businesses accelerate growth – creating value for founders, management teams and our investors.”
Park Hill served as placement agent for TSCP IV.