Valesco raises an oversubscribed $434m Fund III; target was $375m

Dallas-based private equity firm Valesco Industries has raised an oversubscribed $434 million fund, exceeding its initial target of $375 million. The fund, Valesco Fund III, will be used for platform investments in 12 to 15 companies. Despite a challenging fundraising environment, Valesco was able to secure commitments from regional banks, community banks, high-net-worth individuals, and family offices. The firm primarily invests in US-based lower middle-market businesses in manufacturing, distribution, and value-added services. Valesco has several deals in the pipeline and plans to be an active investor in the coming months.

https://valescoind.com/