Key Takeaways
- • Taurus Private Markets closed Taurus Private Markets Fund III with approximately $301 million in commitments, exceeding its original $225 million target.
- • The oversubscribed fund drew commitments from institutional and private investors, including public pension plans, Taft-Hartley plans, and family offices.
- • The strategy spans lower middle market leveraged buyouts, private credit partnerships, venture capital, co-investments, and secondary transactions, with North America as the primary focus.
- • Taurus targets LBO and private credit partnerships with fund sizes below $1.25 billion and established venture managers with target fund sizes below $750 million.
- • Co-founders Kevin Campbell and Eric Wilcomes, who founded the firm in 2018, said the investment strategy remains unchanged despite the evolution of private markets.
Summary
The fund received commitments from a mix of institutional and private investors, including public pension plans, Taft-Hartley plans, and family offices. Kevin Campbell, Co-Founder and Managing General Partner, described the reception from the institutional investor community as incredible in a formidable fundraising environment.
Taurus Private Markets focuses on value-oriented investments across lower middle market leveraged buyout funds, private credit partnerships, venture capital funds, co-investments, and secondary transactions. The firm generally targets leveraged buyout and private credit partnerships with fund sizes below $1.25 billion, and for venture capital it focuses on established managers with target fund sizes below $750 million. It complements its fund investment strategy with direct co-investments in privately held companies and secondary transactions.
Founded in 2018 by Kevin Campbell and Eric Wilcomes, the firm invests primarily across leveraged buyout, private credit, and venture capital opportunities in North America. Eric Wilcomes, Co-Founder and Managing General Partner, said that while private markets have evolved significantly, the firm's investment strategy remains unchanged, and that its disciplined approach and portfolio construction will continue to deliver meaningful returns for investors.
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