Edgewater Capital Raises $330 Million Private Equity Fund
CLEVELAND, OH – December 21, 2023 – Edgewater Capital Partners (“Edgewater”) is pleased to announce the closing of Edgewater Capital Partners V, L.P. (“ECP V”), with $330 million in capital commitments from leading corporate pension funds, funds of funds, endowments, insurance companies, and other institutional investors, based primarily in North America. ECP V exceeded its target, with strong support from a diversified base of returning and new limited partners.
ECP V will continue the strategy deployed in Edgewater’s four predecessor funds, targeting partnerships with performance product and services companies. Over its 25-year history, Edgewater has remained focused on deepening its core expertise within the engineered components, life science, advanced materials, and specialty chemicals sectors. Moreover, Edgewater looks for companies with common commercial themes, such as niche products or services contributing a small but critical element of an end product or system, and custom-designed solutions to enable key applications.
“We are grateful to have the continued trust and support of our existing limited partners and to have several new investors join our program,” remarked Chris Childres, founder and managing partner of Edgewater. “We are also proud of the Edgewater team and all of the hard work that has gone into our continued success.”
“We greatly appreciate our investors’ support. We are excited to continue our investment program focus with the larger fund, both in size and sector,” said Ryan Meany, managing partner.
Jones Day is Edgewater’s fund counsel and served as legal adviser on ECP V.
First Point Equity served as Edgewater’s placement agent for select limited partners.
About Edgewater Capital Partners
Headquartered in Cleveland, Ohio, Edgewater Capital Partners is a sector-focused private equity firm investing in lower middle-market performance materials and services businesses. The firm has extensive experience in investing in the people, technology, and facilities to accelerate the growth trajectory of specialty industrials, life sciences, advanced materials, and specialty chemicals businesses. Over twenty-five years of industry specific investing has allowed the firm to develop a deep understanding of the complexities and nuances common to these businesses. For more information on Edgewater Capital Partners, visit www.edgewatercapital.com.