Balmoral Funds Raises $110 Million Private Equity Fund Continues Strategy of Investing in Middle-Market Businesses in Transition
Balmoral Funds LLC, (www.balmoralfunds.com) a Los Angeles, CA-based private equity firm and registered investment advisory firm, announced the final closing of its second fund totaling $110 million. The firm will continue to invest in middle-market businesses in transition and special situations in the form of acquisitions, recapitalizations, corporate divestitures, and equity infusions.
Led by Jonathan and Skip Victor, along with Robin Nourmand, Travis Haynes and David Shainberg, the firm has a strong track record identifying businesses in financial or operational distress or facing complex challenges, and improving operating earnings, resulting in significant returns to shareholders. The principals have experience across a variety of industries and sectors including manufacturing, value added distribution, retail, consumer products and business services.
Balmoral targets investments between $5 million and $25 million in companies that have historically generated $30 million to $300 million of revenues at their peak.
Garrison Securities, LLC, led by Rafael Astruc, partnered with Balmoral to diversify its investor base with leading endowments and foundations such as The Getty Trust and the John D., Catherine T. MacArthur Foundation and other leading institutions.