Linx Partners is pleased to announce that it has completed a first closing of Linx Partners III, L.P. (“Linx III”), with commitments of $69 million.
“We are extremely pleased to announce this initial close of our third fund,” commented Linx Managing Partner and Founder, Babette Henagan. “Moreover, we are privileged to welcome back a number of our existing LPs from our previous funds.”
Linx III, similar to predecessor funds, will continue to execute the strategy of being a disciplined value investor in the U.S. small buy-out industrial market. Linx, with its tenured senior investment team, focuses on being the first institutional investor in niche industrial companies looking for a change agent with annual revenues between approximately $20 million and $125 million. Linx III is targeting a total fund size of $200mm.
This first close marked the return of many LPs ranging from institutional investors, family offices and high net worth individuals. “This level of support and commitment by our LP-base, many of which have been with us for over ten years, represents a significant validation of our strategy, our model, and most notably our past fund performance,” commented Linx Managing Partner and Founder, Peter Hicks. “We deeply appreciate the confidence our LPs have shown in us.”