Company News
US Castanea Partners closes new fund on $207m
October 10, 2004 - US Castanea Partners closes new fund on $207m
US Castanea Partners has closed its latest fund with $207m of commitments. The fund will target small to mid-market investments in publishing and information, human resource and business services, consumer product and speciality retail sectors.
In addition to a substantial commitment from the managing partners of Castanea, new investors include a small group of endowments and foundations, led by Princeton University and Yale University.
'We feel fortunate to have attracted such a prestigious group of limited partners,' said Brian Knez, managing partner of Castanea. 'We believe that our new investors will serve as a strong foundation to support the ongoing development of our firm.'
Castanea Partners Fund II will make investments of approximately $10m to $20m in leveraged buy-outs, growth investments and turnaround situations.
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