Company Overview
Headquartered in Cleveland, Ohio, Resilience Capital Partners (“Resilience”) invests in niche-oriented manufacturing and business services companies located in the Midwestern and Mid-Atlantic United States with sustainable market positions and a clear path to cash flow improvement. Resilience targets platform businesses with $25 to $250 million in revenues across a broad range of industries where it can improve a company’s operations, competitive positioning and profitability.
Situation
Resilience was seeking to raise $200 million for its third private equity fund, The Resilience Fund III, L.P. (“Fund III”) which would be the Firm’s first broadly marketed institutional fund, after raising $50 million for its previous fund. Resilience wanted to expand its limited partner base to include a more global, institutional group that would position the firm for future growth, and therefore hired Griffin Financial Group LLC (“Griffin”) to act as its placement agent.
Solution
Griffin served as exclusive financial advisor and placement agent for Resilience. Despite an extremely challenging fundraising environment, Griffin successfully introduced Resilience to a broad range of limited partners in the United States and Europe and raised over four times more in capital commitments than Resilience’s predecessor fund. On May 31, 2012, Fund III closed with $222.5 million of committed capital, exceeding the target of $200 million, through the participation of a global institutional investor base that includes pension funds, insurance companies, foundations and endowments, fund of funds, wealth managers and investment consultants.
For more information on this transaction, please contact Paul F. Delaney, Senior Managing Director, at 646.254.6397 or W. Mitchell Fenimore, III, Vice President, at 717.399.1726. For more information on Griffin’s services in general, contact any one of our investment banking professionals.
