Northrim Horizon Successfully Reaches $235 Million Fund Close
Northrim Horizon Adds Significant Capital to Its Portfolio
Northrim Horizon has successfully closed its third investment fund, attracting an impressive total of $235 million in committed capital. This recent achievement marks a pivotal moment for the firm as it continues to bolster its strategic investments.
Strong Investor Interest Leads to Oversubscription
Raised over a span of five months, Fund III drew substantial interest from a diverse array of global investors. Committed funds came from various sources, including insurance companies, endowments, fund-of-funds, and family offices, reflecting a strong confidence in Northrim's investment strategy and future outlook.
Strategic Focus of Fund III
Aligned with its previous investment funds, Fund III will prioritize partnerships with organizations that operate within well-established platforms in business and consumer services, healthcare services, and tech-enabled services. This focused approach aims to pinpoint and cultivate enduring value across select industries.
Building on a Foundation of Success
Brad Gulbrandsen, Managing Partner of Northrim Horizon, expressed enthusiasm about the successful Fund III close. "We are thrilled to share this momentous news and sincerely appreciate the trust our investors have shown in our vision and mission," said Gulbrandsen. He emphasized that this new capital positions Northrim to further expand its portfolio while elevating the value delivered to partners and stakeholders.
Investment Strategy and Targeting Profitable Businesses
Northrim Horizon has a proven track record since its inception, having invested in 47 companies that include 11 platform investments and 36 strategic add-on acquisitions. The firm targets mature, cash-generative businesses with EBITDA figures ranging between $1 million and $5 million, ensuring its focus remains aligned with sustainable profitability.
About Northrim Horizon
Northrim Horizon is a dedicated investment firm that operates with permanent capital, focusing on the acquisition and management of profitable service and software enterprises. Their commitment to reinvesting earnings into these firms and the people within them highlights their long-term value-building strategy. Headquartered in Mesa, Arizona, Northrim Horizon is poised to continue making significant strides in the investment landscape.
Frequently Asked Questions
What is Northrim Horizon Fund III?
Northrim Horizon Fund III is the third investment fund established by Northrim Horizon, which has successfully raised $235 million for strategic investments.
Who are the main investors in Fund III?
The fund attracted commitments from various global investors, including insurance companies, endowments, fund-of-funds, and family offices.
What industries does Northrim Horizon focus on?
Northrim Horizon primarily invests in business and consumer services, healthcare services, and technology-enabled services.
How has Northrim's investment strategy evolved?
Northrim has consistently built on its previous strategies while targeting mature, cash-generative businesses to maximize ROI.
Where is Northrim Horizon located?
Northrim Horizon is based in Mesa, Arizona, focusing on investing and operating in accessible markets.
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