Platform Partners Successfully Closes $180 Million Capital Raise
Today, Platform Partners LLC, a private investment company founded in 2006, announced a significant milestone in its financial journey. The firm successfully closed on $180 million in follow-on equity capital commitments to its perpetual investment vehicle, Platform Partners Investment Company LLC. This achievement not only surpassed the initial fundraising target but also showcases the strong support from both current and new shareholders. As a result, the total assets under management have risen to approximately $800 million.
Investment Strategy and Capital Deployment
In alignment with its long-established strategy, the newly acquired capital will be primarily deployed into equity investments ranging from $20 million to $100 million in growing, founder or family-owned companies. This unique perpetual investment model enables Platform Partners to encourage business owners to adopt a long-term, growth-centric approach that is free from the constraints of pre-defined exit timelines. It's this flexibility that makes Platform an attractive partner for entrepreneurs looking to scale their businesses.
CEO Fred Brazelton's Insights
Fred Brazelton, the CEO and Co-Founder of Platform Partners, expressed his satisfaction with the fundraising results. "Initially, we set out to raise $150 million, but we are thrilled to have exceeded our goal," he said. His gratitude for the unwavering trust and support shown by investors was evident. "Our network of successful executives and family offices has always been critical to our success, and we're excited to welcome new investors who align with our vision during this financing round."
Support and Deployment Team
Platform Partners boasts a dedicated team of over 20 investment and portfolio support professionals tasked with deploying the capital raised, alongside funds generated through existing operations. The commitment of the Platform founders, employees, and affiliates is noteworthy; they collectively serve as the largest investors in this capital raise, reinforcing their belief in the company’s mission.
Investment Legacy Since 2006
Since its inception in 2006, Platform Partners has actively invested in more than 30 initial platform companies, fostering growth and development in the lower middle-market segment. The company's strategic investments have not only transformed businesses but have also contributed to the broader economy by supporting job creation and innovation.
Legal and Advisory Support
Latham & Watkins LLP provided legal counsel during this successful capital raise, demonstrating the firm's commitment to maintaining the highest standards of governance and compliance throughout its financial activities.
About Platform Partners LLC
Founded in 2006, Platform Partners LLC is a Houston-based private investment company specializing in investments in lower middle-market companies. The firm aims to nurture these businesses into industry leaders through a blend of organic growth and strategic acquisitions. By employing a perpetual holding company structure, Platform Partners adopts a patient approach to partnering with entrepreneurs. With total assets managed reaching approximately $800 million, the company continues to set its sights on impactful investments. For more details on their initiatives, one can refer to their website.
Frequently Asked Questions
What new capital amount did Platform Partners raise?
Platform Partners raised $180 million in follow-on equity capital commitments.
What is the purpose of the raised capital?
The capital will be used primarily for equity investments in growing, founder, or family-owned companies.
How does Platform Partners' investment model work?
The perpetual investment model allows them to invest without strict exit timelines, promoting long-term growth.
Who is leading Platform Partners?
Fred Brazelton is the CEO and Co-Founder, guiding the firm's strategic vision.
How many companies has Platform Partners invested in since its founding?
Platform Partners has invested in over 30 initial platform companies since 2006.
