CenterOak Partners, a Dallas-based private equity firm, closed CenterOak Equity Fund III. The fund was oversubscribed and achieved its hard cap with total capital commitments of over $1.1 billion. The fund’s capital was largely committed by existing institutional investors, but it also attracted support from many new limited partners globally, including private and public pensions, endowments and foundations.
“We appreciate the strong support from our limited partners which allowed us to complete the fundraise in a short period of time,” Randall Fojtasek, CEO and co-managing partner of CenterOak, said. “The successful close of Fund III validates our active, clearly defined investment process and our team’s strategic focus on creating value for our investors and management teams.”
“The demand for fund III is a testament to the experience of our team,” Jason Sutherland, co-managing partner of CenterOak, said. “Our theme-driven investment approach and differentiated sourcing allows us to find attractive entry points into large and fragmented categories. We remain focused on providing capital to families, founders and talented executives to build meaningful businesses.”
PJT Park Hill acted as global placement agent, and Kirkland & Ellis acted as fund formation counsel.
