Z Capital Partners Closes Special Situations Fund II at $750 Million
LAKE FOREST, Ill., July 7, 2014-- Z Capital Partners, L.L.C. ("Z Capital"), a leading private equity firm that makes opportunistic, long term control investments in companies that may require growth capital, operational turnaround or restructuring, today announced the final close of Z Capital Partners Special Situations Fund II, L.P. ("Fund II") on June 30, 2014, with total capital commitments of $750 million. Fund II generated significant interest from investors and exceeded its initial target of $500 million.
Fund II consists of 30 new global, limited partners, with a variety of institutional investors, including sovereign wealth funds, pension funds, wealth management firms, family offices and insurance companies located in North America, the United Kingdom, Europe, Africa, Asia and the Middle East. Fund II will focus on long term control investments in middle-market companies that may require growth capital, turnaround or restructuring.
"We are pleased to announce the close of Fund II with $750 million of committed capital, well exceeding our initial target goal," said James J. Zenni, Jr., President and Chief Executive Officer of Z Capital. "We received interest of approximately $1 billion from limited partners, which we believe, together with the global footprint of our investor base, is a testament to our leading track record, proven investment strategy and experienced leadership team. As we have done for over a decade, we will continue to capitalize on opportunities to maximize value for our investors through our opportunistic, value-oriented approach."
About Z Capital Partners
Z Capital Partners, L.L.C. ("Z Capital") is a leading private equity firm with approximately $1.7 billion of regulatory assets and committed capital under management and with offices in Lake Forest, IL and New York, NY. Z Capital pursues an opportunistic, value-oriented approach in private equity that includes making control investments in middle-market companies that may require growth capital, turnaround, restructuring or other special situations.
Z Capital portfolio companies currently have aggregate worldwide annual revenues of approximately $1.5 billion, sell products in over 30 countries, and have in excess of 190,000 associates directly and through joint ventures.
Z Capital's investors include prominent global sovereign wealth funds, endowments, pension funds, insurance companies, foundations, family offices, wealth management firms and other financial institutions in North America, Europe, Asia, Africa and the Middle East. For more information, please visit www.zcap.net.
Joele Frank, Wilkinson Brimmer Katcher
Jonathan Keehner / Casey Landau
Venture Capital Database