Charlesbank Capital Partners
Charlesbank Capital Partners, established in 1998, is a private equity firm with offices in Boston and New York, focusing on middle-market investments and managing over $15 billion in cumulative capital.
Company Overview
Charlesbank Capital Partners is a middle-market private equity firm with offices in Boston and New York. Established in 1998, the firm has raised over $15 billion in cumulative capital. Before becoming an independent firm, Charlesbank managed an investment portfolio directly for the Harvard University endowment. The firm is recognized for its flexible approach to investment structures and its focus on partnering with proven management teams to drive equity value growth.
Investment Strategies
Charlesbank Capital Partners employs a flexible investment strategy across various sectors. The firm's credit strategy, launched in 2016, focuses on investments ranging from $50 million to $250 million. It targets businesses with defensible models, stable cash generation, and strong downside protection. Additionally, Charlesbank has a dedicated technology strategy geared especially toward the lower middle market, exemplified by its Technology Opportunities Fund, which focuses on sectors such as enterprise software, cybersecurity, cloud computing, and more.
Sector Focus
Charlesbank Capital Partners targets investments in industries including business services, consumer, healthcare, industrial, and technology. The firm looks for companies with high cash flow conversion, strong profit growth prospects, and durable competitive advantages. The firm’s Technology Opportunities Fund specifically focuses on segments like financial technology, healthcare IT, internet and e-commerce, technology-enabled services, data and analytics, and industrial technology.
Notable Investments
Charlesbank Capital Partners' portfolio includes companies such as EverDriven, Searchlight Cyber, Rise Growth Partners, and Perspective Financial Group. A notable investment initiative includes the formation of Kleer-Membersy by merging Kleer and Membersy, the nation’s two largest providers of technology-driven dental membership plans. These examples illustrate Charlesbank’s commitment to creating value through strategic mergers and acquisitions.
Recent Fundraising
In 2021, Charlesbank Capital Partners raised $4 billion in its Flagship Funds, further strengthening its capability to invest in high-potential middle-market companies. The firm's capital-raising efforts reflect its credibility and investors’ confidence in its strategy to navigate complex investment scenarios and create attractive returns.