Sources say WestView Capital Partners got oversubscribed USD430 million fund

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WestView Capital Partners had announced wrapping up a targeted USD430 million for its flagship fund, WestView Capital Partners III LP. The raised fund had been an example of growth equity which drew strong investor interest.

A person who was familiar with the matter told the magazine Buyouts that WestView Capital's effort to raise funds had been "way oversubscribed". Another source who was familiar with the firm said that the fund reached its hard cap of USD430 million and had to turn away some other possible investors.

A third source said that the firm had managed to quickly raise new capital. This was just after four years since WestView Capital II had drawn USD325 million, where the fund had surpassed its targeted amount of USD300 million.

WestView Capital was established in 2009 with LPs including Twin Bridge Capital Partners and The Massachusetts Pension Reserves Investment Management Board. WestView Capital funds minority and majority recapitalizations, growth financings, consolidations and acquisition financings at USD10 to USD30 million per investment.

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