Middle Market PE Firm Warren Equity Partners Closes on $1.4B-Plus Infrastructure Fund

Middle market private equity firm Warren Equity Partners closed a $1.4 billion hard cap for its fourth flagship fund – Warren Equity Partners Fund IV LP and Warren Equity Partners Fund IV-A, beating its $1.2 billion target.

The new fund is more than double the size of its $673 million third fund raised in 2021 and continues a wave of closes from the firm, which reached $310 million for its second fund in 2019.

Jacksonville, FL-based WEP invests in buyouts and recapitalizations in North American companies with a focus on businesses that maintain, operate and upgrade infrastructure. The firm has raised over $3.3 billion in commitments and has completed 99 transactions, including the acquisition of 26 platform companies.

“Despite the challenging fundraising market, we had tremendous interest in WEP IV, which we believe was driven by the quality of our team, our performance in prior funds, the attractiveness of our investment strategy, as well as continued support from our long-time limited partners,” said Steven Wacaster, Co-Founder and Managing Partner.

The fund has completed four platform investments to date, including Code Red Safety, KV Power, Traffic Management Solutions and Ovation Holdings.