Cogenuity Partners Raises $425M at Close of Debut Fund

Advanced industrials private equity investor Cogenuity Partners secured $425M in capital commitments at the close of its debut fund, Cogenuity Fund I, according to a January 30 news release.

The fund, which made its first sale in August 2024, secured commitments from investors including endowments and foundations, insurance companies, funds-of-funds and strategic investors. It is currently in deployment and has already completed a capital injection in innovative safety and survivability solutions manufacturer United Safety & Survivability Corp.

The lower middle market private equity firm filed with the SEC for the fund and its accompanying investment vehicle, Cogenuity Fund I-A, on October 15, 2024, indicating that the subscription period for equity and pooled investment interests in the fund is not planned to surpass a year. Cogenuity sought the assistance of William Blair & Co. in marketing the fund across the US and abroad and also tapped Kirkland & Ellis to be its legal counsel for the fundraising.

The San Francisco-based firm targets companies in North America with EBITDA in the $5M to $35M range. It focuses on companies that provide critical products, services and equipment in the areas of manufacturing, infrastructure solutions, critical industrial services and industrial technology. Cogenuity invests between $20M and $200M for each transaction, according to its website.

Source:

https://www.prnewswire.com/news-releases/cogenuity-partners-closes-debut-fund-with-425-million-in-committed-capital-302364357.html

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Written By: Dakota

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