Transom Capital Closes Buyout Fund IV at $675M, Raises Over $750M

Transom Capital, an operations-focused, middle-market buyout firm, said it made the final close on its Transom Capital Fund IV at $675M, exceeding its target and initial hard cap. 

Including $79.5M in co-investor commitments, the Los Angeles-based firm said it secured over $750M in total commitments from a diverse group of institutions, including endowments and foundations, corporate and public pension plans, insurance companies, funds-of-funds, and family offices.

The co-investment was made in conjunction with the fund’s acquisition of Virginia Tile, which it subsequently formed with existing portfolio company Galleher to form Artivo Surfaces. That deal was the second of three platform investments the fund has made to date, Transom co-founder and Managing Partner Ken Firtel said, and in line with the fund’s strategy of targeting under-managed or orphaned businesses that are often lender owned or the result of a corporate carve-out. 

Proskauer Rose LLP served as fund counsel.

Source: https://www.globenewswire.com/news-release/2024/11/11/2978153/0/en/Transom-Capital-Announces-Closing-of-Over-750-Million-in-Total-Capital-Commitments.html

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Written By: Dakota

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