DALLAS,
July 30,
2024 /PRNewswire/ -- StoneTree Investment Partners
("StoneTree"), a lower middle market private equity firm
specializing in buy-outs of industrial and manufacturing businesses
in the United States and
Canada, is pleased to announce the
first-and-final closing of its debut fund, StoneTree Investment
Partners Fund I, LP, with total capital commitments of $155 million.
Despite a challenging fundraising environment,
the fund was oversubscribed and successfully reached its hard cap,
in just over two months of fundraising. StoneTree Investment
Partners Fund I, LP received commitments from a diverse group of
leading institutional investors, including investment funds,
family offices, foundations, pension funds, endowments, and
OCIOs.
"We are thrilled to partner with a remarkable
group of blue-chip institutional investors, including multiple
long-standing relationships," said Joel
Stanwood, Partner at StoneTree. "We are grateful for the
opportunity to support the respective missions of world-class
institutions as we pursue StoneTree's own mission and purpose of
Transforming Industrials. Investing in
People®."
StoneTree Investment Partners Fund I will focus
on acquiring controlling equity interests in lower middle market
industrial businesses, with a particular emphasis on manufacturing
companies. The fund aims to leverage StoneTree's operational
capabilities and industry expertise to drive profit growth in its
partner companies while creating attractive career opportunities
for the employees of those companies.
Pacenote Capital served as StoneTree's exclusive
agent for Fund I. "We appreciate the bespoke and curated process
the Pacenote team delivered," said Chris Dupré, Partner at
StoneTree. "They seamlessly conducted a process with a high degree
of efficiency that allowed our team to close a new investment and
pursue several other opportunities, while expanding relationships
with exceptional investors known for investing in emerging
managers."
McGuireWoods served as legal counsel to StoneTree
during the fundraise. Dupré continued, "StoneTree is proud to have
McGuireWoods as our fund counsel and trusted advisor, and we
appreciate the excellent work the firm delivered on our
behalf."
About StoneTree Investment Partners
StoneTree Investment Partners is an
industrials-focused private investment firm founded by experienced
operators, engineers, and investors, with a mission of Transforming
Industrials and a purpose of Investing in People. The firm
selectively invests in established niche manufacturing and
industrial companies where StoneTree members can serve alongside
employees and management to elevate the company, through a Business
Transformation Agenda. For more information about StoneTree
Investment Partners and its investment strategy, please visit
www.stonetreeinvest.com.
About Pacenote Capital LLC
Pacenote Capital is a boutique private equity
placement agent focused on partnering with preeminent emerging
investment managers and private equity funds. For more information,
please visit www.pacenotecapital.com or contact Casey Peters cpeters@pacenotecapital.com.
About McGuireWoods LLP
McGuireWoods is a full-service law firm
differentiated by its unique Emerging Manager Program providing
preeminent GPs with holistic support throughout fundraising and
investing activities. For more information, please visit
www.mcguirewoods.com or contact Jon
Finger jfinger@mcguirewoods.com.
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SOURCE StoneTree investment Partners LLC