WestView Capital Partners, a Boston-based growth equity firm, announced today the completion of its fifth fund, WestView Capital Partners V, L.P. Fund V was oversubscribed and concluded with $1.0 billion in limited partner contributions, exceeding its target and hard cap. Since its inception in 2004, WestView has raised $2.7 billion. Fund V will continue to focus on WestView’s strategy of working with great management teams by investing in leading growth firms as a minority or majority shareholder.
WestView has invested in 54 firms and had 32 realizations totaling over $2.2 billion in cash proceeds since its inception. Fund V will make minority and majority investments in growth companies that are primarily founder-owned and managed and have never received institutional funding. WestView will invest in business services, information technology services, healthcare technology and outsourcing, software, and growth industrial enterprises.
WestView began fundraising in September 2022, with strong support from its current investor base and a small number of additional institutional investors. Endowments, pension funds, foundations, fund of funds, and family offices are among the noteworthy institutions that have invested in Fund V, as do over 40 former and current WestView portfolio companies.
WestView Capital Partners, a Boston-based growth equity firm, is focused on middle market growth companies and manages $2.7 billion in capital across five funds. WestView partners with existing management teams to sponsor minority and majority recapitalizations, growth capital, and consolidation transactions in several sectors including: business services, IT services, healthcare technology and outsourcing, software, and growth industrial. WestView targets investing $20 to $100 million in companies with revenue of at least $10 million and operating profits between $3 and $25 million.