Wind Point Seals $2.3B Private Equity Fund

Wind Point Partners, a Chicago-based private equity firm, closed its 10th fund, Wind Point Partners X, at its hard cap of $2.3 billion, exceeding the fund’s $1.7 billion target.

The closing is the firm’s largest fund to date, bringing its assets under management to about $7 billion, including a more than 50% increase to the 2019 predecessor fund.

This is Wind Point’s first raise since Goldman Sachs’ GP stake investment arm, Petershill, made a minority investment in February 2022.

The firm said the fund will continue its strategy of partnering with well-positioned middle-market businesses “with a clear path to value creation.”

“Fund X represents our largest and most diverse investor base to date, which was enabled by the strong foundation of our repeat partners – some of whom have been investors with us for nearly three decades,” said managing director Nathan Brown.

Since 1997, Wind Point’s buyout funds have completed 75 platform investments and more than 300 add-on acquisitions in the business services, consumer products and industrial products industries.