California-based Seaside Equity Partners has closed its second lower middle market fund on $325m the fund beat its target by $100m. The Wall Street Journal first reported the news.
Seaside held an initial $218m closing for the fund earlier this year.
Seaside is currently investing out of a $160m investment vehicle that closed in February 2021, which focuses on partnering with founder, family, and entrepreneur-owned businesses.
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Seaside focuses on investing in companies services companies in the Western US with an emphasis on mission critical service providers.
News of the fund close comes on the heels of Seaside’s acquisition of LifeSaver CPR a provider of continuing education and training services to healthcare and enterprise organizations throughout Northern California.
Source: Opalesque
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