Osceola raises $125m for sector-focused PE fund

Tampa, Florida-based Osceola Capital announced the final closing of Osceola Fund I, which was oversubscribed, closing at its hard cap of $125 million. The firm, which had targeted $100 million, has secured commitments from leading global public pension plans, financial institutions, a university endowment, family offices and several high-net-worth investors. “It is exciting to partner with top tier collection of institutions, family offices and individual investors and we look forward to continuing to execute our strategy on their behalf,” said Osceola Managing Partner Michael Babb. An earlier first close allowed the firm to begin deploying capital and building out its team. Since then, the fund has made investments totaling $40 million across the facility and industrial, healthcare, tech-enabled and business services sectors. Osceola invests in lower middle-market services companies with initial platform investments typically ranging from $2 million to $10 million of EBITDA. The firm has extensive experience partnering with management teams to execute buy-and-build strategies. “The fund’s portfolio is very well positioned for the current macro environment and we believe that staying true to our strategy of paying appropriate multiples, utilizing light leverage, and carefully selecting industries with recession resilient qualities will reward Osceola’s investors,” said Will Newbrander, a director at Osceola, of the firm’s experience amid the COVID-19 pandemic.

Osceola raises $125m for sector-focused PE fund

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