Point 41 Capital Partners, a middle-market private equity firm, closed Point 41 Capital Partners I. The fund was oversubscribed with aggregate commitments of $400 million, exceeding its target of $300 million. The fund’s global base of limited partners includes leading endowments, insurance companies, fund-of-funds, family offices and high-net-worth individuals.
Founded by longtime colleagues, Aaron Wolfe and Jordan Wadsworth, Point 41 focuses on investing in and building middle-market specialty industrial and service businesses.
“We want to thank our limited partners, advisors and teammates for their enthusiasm and support,” Wolfe said. “We are thrilled to see the momentum building around the firm as we execute on our proven strategy and continue to make key hires while partnering with great management teams and companies.”
“We are extremely proud to celebrate this milestone for our firm,” Wadsworth said. “The Point 41 team has built a powerful yet unique approach to the specialty industrial and service sectors that we are confident will drive growth and elevate our portfolio companies.”
M2O Private Fund Advisors acted as the exclusive placement agent. Kirkland & Ellis LLP acted as fund counsel to Point 41.
