Brentwood Associates Secures $410M Continuation Fund for Watermill Express
July 22, 2025
Brentwood Associates closed an oversubscribed $410 million single-asset continuation fund to support the growth of Watermill Express. The continuation fund is primarily backed by **Hollyport Capital**, with **Pantheon** and **Portfolio Advisors** co-leading; Brentwood remains invested and is also investing through its Fund VII to support Watermill's next phase of expansion.
- Buyers
- Hollyport Capital, Pantheon, Portfolio Advisors, Brentwood Associates
- Targets
- Watermill Express
- Sellers
- Existing Brentwood limited partners
- Industry
- Retail
- Location
- Colorado, United States
- Transaction Type
- Recapitalization
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