Princeton Equity Group Closes Fund II at Hard Cap with $575m in Commitments

Princeton Equity Group, LLC, a Princeton and Dallas-based private equity firm focused on control investments in franchisor and multi-unit companies, today announced the final closing of its Princeton Equity Partners II, L.P. with $575m in total commitments, surpassing its $475m target and hitting its hard cap

Raised over a period of approximately five months, the Fund was significantly oversubscribed with commitments from U.S. and non-U.S. investors, including endowments, foundations, fund of funds, sovereign wealth funds, family offices, insurance companies, and asset managers. Princeton’s first fund has $352 million in total commitments and held its final close in June of 2021.

Princeton is led by Co-founders and Managing Partners, Jim Waskovich and Doug Kennealey. The Fund seeks partnerships with founders and management teams of leading franchisor and multi-unit companies across a variety of end markets.

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Kirkland & Ellis LLP served as legal counsel, and Aviditi Advisors served as exclusive placement agent and advisor for the Fund.

 Source: PR News Wire

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