Palm Beach Capital Announces Successful Closure of Fund VI

Palm Beach Capital, a middle market private equity firm based in West Palm Beach, Florida has successfully closed its sixth private equity fund, Palm Beach Capital Fund VI, L.P., exceeding its target by raising over $350 million.

Fund VI appealed to a wide range of investors including financial institutions, insurance companies, pension funds, foundations, endowments, consultants, funds of funds, and institutional family offices. Additionally, the firm's general partners and professionals are significant personal investors in Fund VI, making them one of the largest investors across all active PBC funds. The fund also saw participation from previous portfolio company founders and management team members. 

The firm aims to build strong relationships with founders and business owners, particularly targeting platform companies with annual EBITDA between $10 and $30 million. Fund VI's successful closure was attributed to the firm's strong relationships cultivated since its founding in 2001. 

Palm Beach Capital, founded in 2001, focuses on high-growth investment opportunities and has made investments in 56 platform portfolio companies, with a specific focus on engineering services, transportation and logistics, business services, and healthcare sectors.

Read the full press release here.