Valesco Fund II, LP Announces Final Closing with $292,660,000 in Total Capital Commitments

By: Commerce Street Capital, LLC
 
 
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DALLAS - March 1, 2018 - PRLog -- Valesco Industries ("Valesco") is pleased to announce the successful closing of Valesco Fund II, LP ("Fund II" or "VFII"), completed on January 22nd, 2018 bringing total committed capital to $292.7 million. VFII is managed by Dallas-based Valesco, and is the successor fund to Valesco Commerce Street Capital, LP ("Fund I"). Commerce Street Capital, LLC was engaged as the placement agent for Fund I and Fund II. Valesco had significant support from its existing investor base in Fund I, of which nearly 70% of investors from Fund I committed to Fund II, along with noteworthy commitments from new limited partners. Valesco has made three investments thus far out of Fund II and is currently pursuing additional opportunities expected to close in first quarter 2018 with a full pipeline behind them. See below for a brief description of the three current investments in VFII.

Consistent with the investment strategy of its predecessor fund, Valesco will invest $5 million to $25 million of capital into both equity and subordinated debt securities, and in controlling and minority positions. The primary focus of VFII is to identify, and partner with companies seeking growth capital, liquidity recapitalizations, and ownership transitions. Valesco is dedicated to maximizing the potential of each company in the near, and long-term future.

About Valesco Industries

Valesco is a Dallas, Texas-based private equity firm that focuses on making control and noncontrol investments in select growth-oriented small- and lower- middle-market businesses engaged in manufacturing, distribution and business-to-business services. Valesco specializes in partnering with a company's management team to support its growth objectives. As long-term industry veterans, the principals have capitalized and built numerous successful businesses, serving those companies in varying roles as investors, managers, advisors and directors. For more information, visit Valesco's website: http://www.ValescoInd.com

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About Commerce Street Capital, LLC

Commerce Street Capital, LLC, (Member FINRA/SIPC) is a broker-dealer whose services include: Mergers & Acquisitions, Recapitalizations, Private Placement of Debt & Equity, Regulatory Advisory, Valuations & Fairness Opinions, Community Bank Capital Markets Services, Small Business Investment Company ("SBIC") Fund Raising, Corporate & Real Estate Finance, Due Diligence Services. For additional information, please visit Commerce Street Capital's website: https://www.commercestreetcapital.com/Root/commercestreet...

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Tags:Commerce Street Capital
Industry:Banking
Location:Dallas - Texas - United States
Subject:Joint Ventures
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