USA – Crossplane Capital, a Dallas, TX-based private equity firm, closed its second private equity investment fund, Crossplane Capital Fund II, L.P., above its $325 million target.
With the closing of Fund II, Crossplane has raised over $730 million since its founding in 2018, including co-investment vehicles. Fund II will continue to target lower middle market industrial companies that are family and founder owned and seeking an operational and financial partner or are companies going through a complex situation such as a carve-out or a restructuring.Founded in 2018 and led by Managing Partners Brian Hegi and Ben Eakes, Crossplane Capital is a private equity firm that makes control investments in niche manufacturing, value-added distribution and industrial business services companies. The firm seeks to partner with lower-middle market companies to enhance financial performance and generate strategic value creation. .Since the first closing of Crossplane’s inaugural fund in July 2019, Crossplane has closed six platform investments and 20 add-on acquisitions in its target sectors of industrial business services, value added distribution and niche manufacturing.Akin Gump Strauss Hauer & Feld acted as fund counsel for Crossplane.15/07/2022
