Carr’s Hill Capital Partners Management, a New Orleans–based private equity firm dedicated to growing family- and founder-owned businesses in the industrial and infrastructure services sectors, has completed the final closing of its Hill Fund I at $210 million.
Fund I was raised in approximately nine months and exceeded its $175 million target. In addition to strong support from existing investors, Fund I received commitments from a diverse group of new institutional investors, including endowments, insurance companies, fund-of-funds, asset managers, family offices, founders and executives across North America.
Fund I will deploy capital into family- and founder-led companies, generally ranging from $5 million to $15 million of EBITDA, in the industrial and infrastructure services sectors.
“The lower-middle market, especially throughout the Southeastern United States, remains a very attractive segment of the market,” said H. David de Lauréal, founder an
