Civic Partners Raises $870M for 7th Buyout Fund

CIVC Partners, a Chicago-based middle market private equity firm, has completed fundraising for CIVC Partners Fund VII with $870 million in capital, surpassing its initial $700 million target.

Fund VII’s predecessor fund, CIVC Partners Fund VI, closed in November 2020 with $560 million, and currently has invested in nine portfolio companies and 17 add-on acquisitions since being activated in July 2021.

Led by investment partners John Compall, Marc McManus, Chris Perry, Doug Potters, Scott Schwartz, and JD Wright, CIVC makes buyout and growth equity investments in the lower middle market, targeting business services companies with EBITDA above $5 million located in the United States and Canada.

“Being able to complete the fundraise in 120 days in this market demonstrates a strong endorsement of our team, sourcing strategy, value creation approach, and performance,” said Compall.

M2O Private Fund Advisors (M2O) served as placement agent, while Kirkland & Ellis LLP served as legal counsel.