The Private Investment Funds team advised WestView Capital Partners in the closing of its fifth fund, WestView Capital Partners V, L.P. (“Fund V”). Fund V was oversubscribed and closed at its target and hard cap of $1.0 billion of limited partner commitments. WestView has now raised $2.7 billion since its founding in 2004. Fund V will continue to focus on WestView’s strategy of partnering with exceptional management teams by making minority and majority investments in leading growth companies.
Fund V will make minority and majority investments in growth companies that are typically founder owned and managed and have not previously raised institutional capital. WestView will target investments in business services, IT services, healthcare technology and outsourcing, software, and growth industrial companies. WestView launched fundraising in September 2022 and received strong support from its existing investor base, while also adding a limited number of new institutional investors. Investors in Fund V include a stable and diverse base of prominent institutions comprised of endowments, pension funds, foundations, fund of funds and family offices as well as over 40 former and current WestView portfolio company executives.
WestView Capital Partners, a Boston-based growth equity firm, is focused on middle market growth companies and manages $2.7 billion in capital across five funds. WestView partners with existing management teams to sponsor minority and majority recapitalizations, growth capital, and consolidation transactions in several sectors including: business services, IT services, healthcare technology and outsourcing, software, and growth industrial.
For additional details on the fundraise, please read the press release.