Strength Capital Provides Liquidity for Investors via Secondary Raise
Strength Capital has completed a secondary raise aimed at providing liquidity to its investors in its first two funds. On May 2, 2013, Strength Capital raised $63 million from Morgan Stanley and Fort Washington via Strength Capital Partners – Special Situations III, LP. The funds raised were utilized to purchase minority positions previously held by Strength Capital Partners, LP in Inland Pipe Rehabilitation, LLC; Inland Industrial Services Group, LLC; Robert Rothschild Farm, LLC; and Davler Media Group, LLC. The new fund also provided a liquidity option to LP’s in Strength Capital Partners II, LP that needed it. Lastly, the closing of Strength Capital’s third fund made available additional capital to be invested by the firm in a new platform or as growth equity in an existing platform.