HIDDEN HARBOR CAPITAL PARTNERS CLOSES OVERSUBSCRIBED FUND III AT $800 MILLION
Boca Raton, Florida, July 30, 2024 – Hidden Harbor Capital Partners (“Hidden Harbor”), an operationally oriented investment firm, is pleased to announce the final closing of Hidden Harbor Capital Partners III (“Fund III”) at $800 million of limited partner commitments. Fund III received overwhelming support from both existing and new investors with total demand well in excess of its self-imposed hard cap. Fund III follows Hidden Harbor’s two prior funds, Hidden Harbor Capital Partners I, which raised over $265 million, and Hidden Harbor Capital Partners II, which raised over $450 million.
Hidden Harbor Partner John Caple commented, “Our team is thrilled with the support we have received from both new and existing investors. This is a tremendous accomplishment and a testament to the hard work our entire team has put forth in building the Hidden Harbor platform.”
“We are excited to leverage the repeatable processes and systems we have developed and continue to execute our investment strategy” noted Hidden Harbor Partner David Block. “We look forward to continuing to partner with portfolio companies to build strong teams and execute our value creation engine.”
Hidden Harbor Partner Chris Paldino added, “We believe our guiding values and investment approach are differentiated in the marketplace and align well with investors looking for operationally oriented private equity managers.”
Hidden Harbor invests in companies headquartered in North America and in the industrials and business services sectors with average initial EBITDA of $5 million to $30 million.
Lazard acted as placement agent for Fund III and Kirkland & Ellis provided legal counsel.
About Hidden Harbor Capital Partners
Hidden Harbor Capital Partners is a private equity firm which helps create business success stories by building teams focused on execution. Hidden Harbor believes that great companies are built on a strong group of people as their foundation, and that businesses succeed when they are intensely focused on executing a small set of well-defined objectives. To learn more, visit www.hh-cp.com and Hidden Harbor’s page on LinkedIn.