CenterOak Partners Secures $1.1 Billion in Oversubscribed Fund III: Investor Confidence Soars in Middle Market

• Milestone Achievement: CenterOak Partners closes oversubscribed Fund III at $1.1 billion, largest in firm’s history.
• Investor Confidence: Oversubscribed fund signals robust demand and validation of CenterOak’s middle-market investment strategy.
• Quick Fundraise: Fund III achieved hard cap within 6 months, highlighting effectiveness of investor engagement.
• Strategic Focus (NEWS): CenterOak’s active, value-creation approach for investors/management teams resonates with limited partners.
• Thematic Expertise: Theme-driven investments in fragmented business/industrial/consumer services unlock attractive opportunities.
• Operational Excellence: Firm leverages operational expertise to enhance portfolio company performance and preserve legacies.
• Industry Landscape (NEWS): While overall PE fundraising slows, middle-market interest remains strong amid economic headwinds.
• Proven Track Record: Fund III’s size increase from $690M predecessor showcases CenterOak’s consistent value creation.
• Advisor Support: PJT Park Hill (placement agent) and Kirkland & Ellis (legal) facilitated successful fundraise.
• Future Outlook: Robust capital positions CenterOak for continued middle-market leadership and portfolio growth.

References

• Ablad Advisor
• CenterOak Partners
• Dallas Business Journal
• SuperbCrew
• FinSMEs