Resilience Capital Partners Closes Resilience Fund III; Includes WT Hardwoods GroupJuly 30th, 2012 by DWM Magazine
Resilience Capital Partners, a private equity firm, announced it completed the final close of the Resilience Fund III, L.P., on May 31, 2012 with $222.5 million of committed capital. Fund III currently has three platforms in place, including WT Hardwoods Group, which is involved with hardwood lumber and flooring. According to the announcement, Resilience expects to build a portfolio of 10 to 12 platform companies in Fund III that participate in a range of manufacturing, business services and distribution industries.
According to the announcement, Fund III exceeded its target of $200 million through the participation of a global institutional investor base that includes pension funds, insurance companies, foundations and endowments, fund of funds, wealth managers and investment consultants.
“We are very pleased to complete our fundraising for Fund III and receive commitments from some of the world’s most respected private equity investors. The confidence they have placed in us is a testament to the results we have generated since founding the firm in 2001,” says Bassem Mansour, co-CEO of Resilience. “We believe businesses will survive and thrive if they are properly capitalized with both human and performance-improvement capital.”
“Our team generates results through a roll-up-the-sleeves approach that transforms good companies into more profitable and successful enterprises,” adds Steve Rosen, co-CEO of Resilience. “We invest in what we know – the lower middle-market in the heartland of America – and draw on a deep bench of operating expertise to enhance a company’s cash flow, competitive positioning and prospects.
Fund III’s capital comes from a variety of sources including pension funds, insurance companies, foundations and endowments, fund of funds, wealth managers and investment consultants. Approximately 60 percent of the fund’s capital was provided by investors domiciled in the U.S., with the remainder from investors domiciled in Europe and the Caribbean.