Transom Capital raises $300m

The Los Angeles-based firm more than doubles the size of its prior fund.

Transom Capital held a final close on its third flagship fund at a hard cap of $300 million, surpassing the firm’s initial target of $250 million.

Transom Capital Fund III will continue the firm’s strategy of investing in and providing operational support for lower middle-market companies. The Los Angeles-based firm’s predecessor vehicle, Transom Capital Fund II, raised $133 million in 2016 after targeting $125 million.