CAZ Investments a $3bn Houston-based investment manager and Bonaccord Capital Partners, a private equity firm focused on acquiring non-controlling equity interests in leading mid-sized alternative asset managers, announced the successful closing of the CAZ Private Equity Ownership Fund III with approximately $485m in capital commitments.
The result of a long-term strategic partnership between CAZ and Bonaccord, PEO III is the third dedicated fund investment focused on acquiring minority ownership stakes in the General Partner (“GP”) of private market firms. The Fund provides investors a way to share in the ownership of nine middle-market franchises in the private investment universe and enables unique access to Bonaccord and co-investments.
CAZ Investments’ proprietary research and network identifies thematic investment opportunities across public and private markets. The CAZ team has access and reviews 1,500 private investments in a typical year, but usually invests in less than ten. Among CAZ Investments’ guiding principles is that it will align its interests with its partners, meaning the firm will invest its capital first in everything it does and that investment advisors can invest a client’s capital knowing that CAZ is directly aligned with that client’s success.
Read more: Yahoo Finance
