Rubin's Black Private Equity Weekly Recap: 4 Updates to Follow in the Black PE Ecosystem
1. o15 Capital Partners recently announced its investment in Centre Lane Partners, LLC-backed Eacho360 Inc., providing a $43 million facility to fund future acquisitions and refinance existing debt. Echo360 is a SaaS-based platform offering digital interactive learning, content creation, training, and engagement solutions to higher education and corporate clients. o15 Capital Partners is an Atlanta-based provider of private growth capital to lower middle market companies led by Colin Meadows and Kenneth Saffold and serving underrepresented entrepreneurs and communities in the healthcare, business services, and education industries.
2. Graham Allen Partners recently announced its plans to launch a $200 million fund focused on leveraging untapped data within legacy businesses. Data Focus Fund II follows the success of the firm’s initial $93 million fund focused on small and middle-market businesses in the Midwest. Graham Allen Partners' investment strategy involves leveraging cloud computing, data, and analytics to drive digital transformation. Graham Allen Partners is a South Bend-based private equity fund founded by Tracy Graham that has over $400 million in assets under management.
3. Stellex Capital Management is reportedly expecting to raise a substantial portion of its $2.5 billion target for Stellex Capital Partners III fund (“Fund III”) in a first close later this year. Stellex Capital Management is a private equity firm founded in 2014 with over $2.8 billion in assets under management, specializing in control investments in mid-market companies facing financial, operational, or industry-driven underperformance in the manufacturing, aerospace, defense, and transportation industries.
4. Radon Medical Imaging (“Radon”) recently announced a 5-year Medical Imaging Asset Management firm for multiple Vandalia Health facilities. Radon participated in a rigorous and highly competitive process to secure the multi-year, multimillion dollar opportunity, according to Radon's CEO. Radon, owned by 5th Century Partners, is a West Virginia-based independent service organization that services, assembles, repairs, sells, and distributes new and refurbished medical imaging equipment. Vandalia Health operates hospitals, outpatient offices, and telemedicine centers across West Virginia, Maryland, Pennsylvania, and Virginia, prioritizing patient-centered care and accessibility. 5th Century Partners is an investment firm that focuses on middle-market companies in the healthcare, consumer, and business services industries. The firm aims to achieve both economic value and social impact.
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