Crossplane Capital is pleased to announce the first and final closing of its second private equity investment fund, Crossplane Capital Fund II, above its $325m target.
With the closing of Fund II, Crossplane has raised over $730m 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.
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.
Read more: PR Newswire
