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October 9, 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.
Copyright © 2004 AltAssets
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