Endeavour Capital closes seventh fund on $775m

The west coast firm was only in market for three months

Portland-based Endeavour Capital, has closed its seventh capital fund on $775 million after three months in market. The fund was oversubscribed and beat its $700 million target.

Endeavor declined to comment on fundraising.

Fund VII launched in September of 2014 and held its first and final close at the end of the year.

Endeavor’s sixth fund closed in 2011 on $675 million. That fund has a net IRR of 9.60 percent according to performance data from the Public Employees’ System of Idaho.

The firm focuses on providing capital and partnership support to middle market companies on the west coast of the US. The fund will focus on the same strategy as predecessor vehicles, looking at both regional and industry based opportunities.

Endeavor focuses on industries including food and consumer, transportation and logistics, healthcare, and business services. Current portfolio companies include New Seasons Market, Bristol Farms, Metropolitan Market, Lazy Acres, Port Logistics Group, Pro Karma, Inc. and ZoomCare, Inc.