HKW, a middle-market private equity firm focused on growth-oriented companies, has held a final close for its HKW Capital Partners V with total commitments of $365 million. Launched in September 2017, HKW V exceeded its original $350 million target.
Commitments to HKW V came from a diverse group of both existing and new investors, including institutional investors, insurance companies, state pension plans, family offices, high net worth individuals, and foundations and endowments. As with its predecessor funds, HKW V will focus on investments in middle-market growth companies with a target EBITDA of $5 million–$30 million. HKW will seek to invest in growth-oriented companies with talented management teams in the United States and Canada, targeting small- to mid-size companies in the Business Services and Health & Wellness sectors.
HKW has completed five investments from Fund V – GCR, Certified Tracking Solutions, Indigo Wild, Urban Armor Gear, and Fresh Direct Produce. HKW V is the successor fund to HKW IV, a $319 million private equity fund that began investing in 2012.
