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Alternative Assets  + Private Equity  | 
Westview Capital Closes Fifth Growth Equity Fund with $1B

Westview Capital Closes Fifth Growth Equity Fund with $1B

WestView Capital Partners has closed its latest fund, WestView Capital Partners V, on its hard cap and target of $1bn. The private equity firm has now raised $2.7bn since its inception in 2004.

The fund will continue to focus on the Boston-based private equity firm’s strategy of making minority and majority investments in growth companies that are typically founder owned and managed and have not previously raised institutional capital.

WestView will target investments in business services, IT services, healthcare technology and outsourcing, software, and growth industrial companies.

Since its launch, the firm has invested in 54 companies and has had 32 realizations representing over $2.2bn in proceeds.

WestView invests $20mn to $100mn in companies with revenue of at least $10mn and operating profits between $3mn and $25mn.

Goodwin Procter advised WestView on the fund formation.

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Westview Capital Partners

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.