Blue Point Capital Partners closes third fund on $425m

The fund will focus on middle market buyouts

Ohio-based Blue Point Capital Partners has closed its third buyout fund on $425 million. The fund was oversubscribed and closed on its hard-cap, according to a statement.

The fund launched in June of 2012, according to Private Equity International’s research and analytics division. The firm declined to comment on fundraising.

Known investors in the fund include Houston Firefighters' Relief and Retirement Fund. 

The third fund is roughly the same size as Blue Point’s prior funds, and will focus on lower middle market buyouts in North America and Europe. The firm typically invests between $10-50 million per transaction.

Blue Point has invested in manufacturing, distribution, utility, and environmental services. The fund has already invested in two companies – OrthoLite, a provider of insoles and shoe components, and Hilco Vision a designer and manufacturer of eyewear and eye care accessories.

Last month the firm exited its interest in Callison Architecture, selling the company to Arcadis a parent company of global architecture firm RTKL. The acquisition made RTKL the fifth largest architecture firm.

Blue Point’s manages over $800 million in committed capital. The firm maintains offices in the US and China as part of its product distribution expertise.