Philadelphia-based private equity firm Renovus Capital Partners announced on Tuesday that it successfully closed its fourth private equity fund, Renovus Capital Partners IV Core Buyout LP, raising $875 million. The fund, which was oversubscribed, surpassed its initial $750 million target, including $825 million in commitments from limited partners and the U.S. Small Business Administration, and $50 million from the general partners.
Renovus Capital Clinches 4th PE Fund : Strong Investor Support
Renovus, advised by Morgan Lewis & Bockius LLP and Winston & Strawn LLP, attracted a diverse group of investors, ranging from university endowments and pension funds to family offices and financial institutions from the U.S. and abroad. “We are grateful for the continued support from our partners,” said founding partner Atif Gilani. He highlighted the addition of new investors from Canada, Europe, the Middle East, and Asia as a testament to the firm’s strategy and expertise.
Renovus Capital Clinches 4th PE Fund : Investment Focus
Founded in 2010, Renovus Capital specializes in the knowledge and talent sectors, focusing on education, technology services, healthcare services, and professional services. The fund is dedicated to making control investments in founder-owned small and mid-sized businesses in the lower-middle market, emphasizing growth and scalability.
