FOR IMMEDIATE RELEASE
Cleveland, OH, February 18, 2019 – Edgewater Capital Partners (“Edgewater”) is pleased to announce the closing of Edgewater Capital Partners IV LP (“ECP IV”), a size and sector focused buyout fund dedicated to investing in middle and lower middle-market performance materials businesses. ECP IV, with $185 million in capital commitments, had a first and final closing at its hard cap and above its initial target.
ECP IV will continue the strategy deployed in its three predecessor funds, targeting performance materials companies in the middle and lower middle-market. Over its 20-year history, Edgewater has generated attractive investment returns driven by its industry expertise and the ability to successfully navigate complex transactions, such as corporate carve-outs and partnering with owner-operators. ECP IV’s investments will benefit from the firm’s ability to grow and professionalize market leading businesses. Edgewater seeks to improve its portfolio companies by enhancing the customer experience through investment in people, capabilities, and innovation. Moreover, Edgewater looks for companies with common commercial themes, such as niche mission critical components, custom designed solutions to enable key applications, and products or services tailored to technical professionals.
“We are thrilled to have the continued trust and support of our existing limited partners and to have several new investors join our program,” remarked Chris Childres, Founder and Managing Partner of Edgewater. “Similar to our prior fund, we are pleased to have been able to raise ECP IV so quickly and with excess demand.”
Edgewater’s investors are comprised of leading corporate pension funds, funds of funds, endowments, insurance companies, and other institutional investors based primarily in the United States.
“We greatly appreciate our investors’ support. We will continue the same investment focus with the larger fund, both size and sector. Additionally, we will substantially increase our talented investment and operating team,” said Ryan Meany, Managing Partner.
Jones Day is Edgewater’s fund counsel and served as legal adviser on ECP IV.
About Edgewater Capital Partners
Edgewater is a Cleveland based sector-focused private equity firm focused on making investments in middle and lower middle-market performance materials businesses specifically within the specialty chemicals, pharmaceuticals, and engineered components and materials verticals. For additional information on Edgewater, visit the firm's website at www.edgewatercapital.com.