CAZ Investments Announces Successful Closing of $485m Private Equity Ownership Fund in Partnership with Bonaccord Capital Partners

CAZ Investments a $3bn Houston-based investment manager and Bonaccord Capital Partners, a private equity firm focused on acquiring non-controlling equity interests in leading mid-sized alternative asset managers, announced the successful closing of the CAZ Private Equity Ownership Fund III (“PEO III”) with approximately $485m in capital commitments.

Capital raised in the fund will be invested in Bonaccord Fund 1 and co-investment opportunities.

The result of a long-term strategic partnership between CAZ and Bonaccord, PEO III is the third dedicated fund investment focused on acquiring minority ownership stakes in the General Partner (“GP”) of private market firms. The Fund provides investors a way to share in the ownership of nine middle-market franchises in the private investment universe and enables unique access to Bonaccord and co-investments.

Get the week’s top news delivered directly to your inbox – Sign up for our newsletter

“We are delighted to announce the successful closing of this fund, and grateful for the partnership with our friends and colleagues at Bonaccord,” said Christopher Zook, Chairman and CIO at CAZ. “As strategic partners to Bonaccord since 2020, our firm and investor network enjoys exclusive access to co-investment opportunities and deeper relationships with underlying GPs. The achievements of PEO III underscore the many benefits of this ongoing partnership.”

The CAZ team and its shareholders also made significant personal investments in the fund, ultimately representing the largest investor group.

CAZ Investments’ proprietary research and network identifies thematic investment opportunities across public and private markets. The CAZ team has access and reviews 1,500 private investments in a typical year, but usually invests in less than ten. Among CAZ Investments’ guiding principles is that it will align its interests with its partners, meaning the firm will invest its capital first in everything it does and that investment advisors can invest a client’s capital knowing that CAZ is directly aligned with that client’s success.

Source: Yahoo Finance

Can’t stop reading? Read more