Saw Mill Capital Closes $435M Oversubscribed Buyout Fund III

Saw Mill Capital, a private equity firm focusing on industrial services, professional services, and engineered products companies in North America, on November 4 announced the $435M final close of its Saw Mill Capital Partners III fund.

The Briarcliff Manor, NY-based firm said Fund III was oversubscribed and attracted a diverse set of investors, including insurance companies, consultants, public pensions, endowments, family offices, sovereign wealth funds, wealth managers, and funds-of-funds across North America and Europe. According to Dakota data, the Oklahoma Police Pension & Retirement System committed $20M to the fund, and Saw Mill said its own investment team has also committed $50M.

The firm said 25% of the fund is now deployed in three portfolio companies: RAFTRx, a residential roofing provider; Southern Aluminum, a manufacturer of specialty hospitality furniture; and Pro Max Fence Systems, a commercial fencing contractor.

Harris Williams served as the fund’s placement agent, and Latham & Watkins served as fund counsel.

Source: https://www.prnewswire.com/news-releases/saw-mill-capital-announces-435-million-oversubscribed-fund-iii-to-drive-growth-for-lower-middle-market-businesses-302295671.html

Written By: Dakota

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