Wind Point Fund VIII seeks $750M

The Chicago-based private equity firm’s predecessor fund closed on $915m seven years ago, short of its $1bn target.

Wind Point Group is targeting $750 million for its latest fund, Wind Point Partners VIII, according to a regulatory filing with the US Securities and Exchange Commission.

Investors so far include the State of Wisconsin Investment Board (SWIB), which committed $50 million between January and March, according to documents from the pension's 13 April meeting.

The firm's previous fund, Wind Point Partners VII, closed in April 2009 on $915 million, below its original target of $1 billion. Fund VII recently acquired Evans Food Group, a leader of branded and private label pork rind snacks. The terms of the deal were not disclosed.

Limited Partners in Fund VII include the Public School and Education Employee Retirement Systems of Missouri, Alaska Permanent Fund, Employees Retirement System of Texas, and Cheyenne Capital Fund. 

Current portfolio companies also include Gehl Foods, a manufacturer of dairy-based food and beverage products acquired in March 2015, Rupari Foods, a supplier of pre-cooked, ready-to-eat pork ribs and other barbecue products, and biscotti company Nonni's. Rupari and Nonni's were both acquired in 2011.

Chicago-based Wind Point Partners, founded in 1984, focuses on mid-market companies. It has $2.8 billion in assets under management. 

The firm did not respond to requests for comment.