Hammond, Kennedy, Whitney & Company, Inc. held a final close of its fifth fund, HKW Capital Partners V, at $365 million, above its $350 million target. The fund follows the same strategy as its predecessor and will make investments in small- to mid-sized companies in the United States and Canada.
HKW Capital Partners IV held a final close at $319 million in April 2014.
Fund V will target companies in the Business Services and Health & Wellness sectors. Through the fund, which launched in 2017, HKW has invested in five companies: Certified Tracking Solutions, Fresh Direct Produce, GCR, Indigo Wild and Urban Armor Gear.
Thomas Capital Group was the placement agent and Kirkland and Ellis LLP was the law firm advising on the fund.