Renovus Capital Partners Closes $325M Continuation Fund to Recapitalize Four Portfolio Companies
February 27, 2024
Renovus Capital Partners closed a $325 million multi-asset continuation fund to recapitalize four portfolio companies — Aretum, ClinicalMind, Lockstep Technology Group and Phoenix East Aviation — enabling existing LPs to realize gains while providing rollover capital and an incremental $60 million for strategic acquisitions. The fund was anchored by leading limited partners including New 2ND Capital, RCP Advisors, Blackstone Strategic Partners, Montana Capital Partners, Unigestion and Arcano Partners; Jefferies served as exclusive financial advisor and DLA Piper as legal counsel.
- Buyers
- Renovus Continuation Fund (Renovus Capital Partners), New 2ND Capital, RCP Advisors, Blackstone Strategic Partners, Montana Capital Partners, Unigestion, Arcano Partners
- Targets
- Aretum, ClinicalMind, Lockstep Technology Group, Phoenix East Aviation
- Sellers
- Renovus Capital Partners (Fund I), Renovus Capital Partners (Fund II)
- Industry
- Professional Services
- Location
- United States
- Transaction Type
- Recapitalization
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