Vance Street Capital Launches Buyout Fund IV, Aiming for $550m Raise

Los Angeles-based private equity firm, Vance Street Capital, has introduced its fourth flagship buyout fund, Vance Street Capital IV, with a targeted capital raise of $550 million. This marks a significant 27 percent increase from its 2020 predecessor. While the hard-cap remains undisclosed, documents from the Minnesota State Board of Investment reveal the ambitious fundraising goal.

Specializing in control investments within the mid-market B2B manufacturing sector, Vance Street Capital focuses on companies in the US and Canada with EBITDA ranging from $3 million to $30 million and enterprise values between $30 million and $350 million. The target companies, primarily operating in medical technology, industrial technology, life science, and aerospace and defense sectors, are recognized for producing highly engineered products. This strategic move aligns with Vance Street Capital's commitment to exploring lucrative opportunities in the mid-market manufacturing landscape.