Benford Capital Partners (“Benford Capital” or “BCP”), a Chicago-based lower middle market private equity investment firm, is pleased to announce the first and final closing of its second investment fund, Benford Capital Partners II (“BCP II” or “Fund II”). BCP II closed with total limited partner commitments of $200 million at its hard cap. Similar to BCP I, limited partner demand for BCP II substantially exceeded the target size.
In Fund II, Benford Capital will continue to focus on buying and building smaller, lower middle market businesses with $5-100 million of annual revenue. Since 2004, BCP has acquired 36 companies and built its team to include 13 investment and operating professionals to support continued growth.
BCP II received commitments from a diverse group of limited partners including university endowments, family offices, pension funds, fund-of-funds, and high net worth individuals. “We are extremely pleased that nearly every BCP I investor committed to BCP II. We are grateful for their support and look forward to executing the same operationally focused investment strategy to successfully scale lower middle market platforms,” said Edward Benford, Managing Director.
Benjamin Riefe, Managing Director added, “Over time, we have built an outstanding team of investment and operating professionals enabling the firm to dedicate more resources to our portfolio companies and implement the value creation frameworks which are key to our process and success.”
Kirkland & Ellis provided legal counsel.