Angeles Equity Partners Secures Over $540M for Second Fund

Angeles Equity Partners has closed its sophomore fund, Angeles Equity Partners II, at more than $540 million, including its parallel funds. The capital infusion handily beat its $500 million target and gives the operations-focused private equity firm its largest pool of capital yet to invest in the lower middle market.

The fund is over 50% larger than the previous vintage, which closed in 2017 with $360 million, bringing total capital commitments to nearly $1 billion.

Santa Monica, CA-based Angeles has already committed capital to four platform investments in the new fund: Agile Occupational Medicine, Precision Surfacing Solutions, Data Clean and Custom Goods.

“There are a number of attractive market fundamentals currently at play which we feel bolster our strategy and look forward to capitalizing on them for our investors as we continue our mission to be the leading middle-market industrials firm,” said Jordan Katz, co-founder and managing partner of Angeles Equity Partners.