Tower Arch Capital closes oversubscribed Fund III with $750m

Salt Lake City-based private equity firm, Tower Arch Capital, has successfully closed its oversubscribed third fund, Tower Arch Partners III, at the hard limit of $750 million. The fund's robust investor interest surpassed the target subscription level, highlighting the firm's appeal in the market. Specializing in investments in lower middle market companies led by entrepreneurs, Tower Arch Capital now manages a total of $1.6 billion across its funds.

The swift capital raise underscores the strong performance of the firm's investment strategy, which focuses on businesses with EBITDA ranging from $5 million to $30 million. Tower Arch Capital distinguishes itself by providing strategic growth assistance and operational consulting to founder and family-owned businesses in the lower middle market. This achievement further solidifies the firm's position as a key player in private equity, emphasizing its ability to attract significant capital and deliver value to its investors through a targeted and successful investment approach.