Dallas’ StoneTree Investment Partners Closes Debut $155M Fund, Eyes Manufacturing Companies
Specializing in buyouts of industrial and manufacturing businesses in the U.S. and Canada, StoneTree said its inaugural fund received commitments from a diverse group of investors, including “investment funds, family offices, foundations, pension funds, endowments, and OCIOs.”
Joel Stanwood (left) and Chris Dupré, partners at StoneTree Investment Partners [Photos: StoneTree Investment Partners]
StoneTree Investment Partners, a Dallas-based lower middle market private equity firm, announced the first and final closing of its debut fund, StoneTree Investment Partners Fund I, LP, with total capital commitments of $155 million.
Founded in 2021, Stonetree said it specializes in buyouts of industrial and manufacturing businesses in the U.S. and Canada.
“We’re thrilled to partner with a remarkable group of blue-chip institutional investors, including multiple long-standing relationships,” StoneTree Partner Joel Stanwood said in a statement. “We’re grateful for the opportunity to support the respective missions of world-class institutions as we pursue StoneTree’s own mission and purpose of ‘Transforming Industrials. Investing in People.’”
The firm said that despite a challenging fundraising environment, the fund was oversubscribed and successfully reached its hard cap in just over two months of fundraising. It added that StoneTree Investment Partners Fund I LP received commitments from a diverse group of leading institutional investors, including “investment funds, family offices, foundations, pension funds, endowments, and OCIOs.”
A particular emphasis on ‘manufacting companies’
The fund will focus on acquiring controlling equity interests in lower middle market industrial businesses, with a particular emphasis on manufacturing companies, the firm said. The fund aims to leverage StoneTree’s operational capabilities and industry expertise to drive profit growth in its partner companies while creating attractive career opportunities for the employees of those companies.
Pacenote Capital served as StoneTree’s exclusive agent for Fund I.
“We appreciate the bespoke and curated process the Pacenote team delivered,” StoneTree Partner Chris Dupré said in a statement. “They seamlessly conducted a process with a high degree of efficiency that allowed our team to close a new investment and pursue several other opportunities, while expanding relationships with exceptional investors known for investing in emerging managers.”
McGuireWoods served as legal counsel to StoneTree during the fundraise.
Get on the list.
Dallas Innovates, every day.
Sign up to keep your eye on what’s new and next in Dallas-Fort Worth, every day.
R E A D N E X T
-
Arhasi and Cloudbench, a Google partner and leading emerging technology consulting firm, have launched a joint AI and data foundry in Frisco, staffed with experts from top universities. The foundry aims to drive innovation in AI and Web3 technologies.
-
The daughter of a fifth-generation oil and gas family, AWP Founder and CEO Kelly Ann Winget doesn’t believe in putting all your eggs in one basket. AWP’s new PE fund continues the firm’s commitment to diversification strategies—and could help give the buzzworthy founder an even bigger spotlight.
-
Formally known as the Entrepreneur of Color Credit Enhancement Fund, the program will provide loan guarantees and loan-readiness assistance to growth-oriented businesses.
-
In 2023, founders searching for venture capital found fewer investors and less money. Pitchbook reports that the number of U.S. deals in the first three quarters of 2023 was just slightly higher than the number made during the same period in 2018. In North Texas, it was a similar story. But even as investment markets have tightened, Dallas-based Beyond Capital is working to reverse that trend by investing in more startups. In the first quarter of 2024, it’s opening its third fund to new investors. Beyond Capital looks for startups in need of Seed to Series A investment. What…
-
The rebrand “marks the start of our next chapter of growth,” says Venture Dallas Chair Aaron Pierce. The nonprofit’s 2023 summit, backed by JPMorgan Chase and Perot Jain, is set for October 25.