Timber Bay Partners Announces Final Close of Timber Bay Fund III at $281 Million

CINCINNATI--(BUSINESS WIRE)--Timber Bay Partners (“Timber Bay”), a private equity firm focused on GP-led secondary transactions, today announced the final closing of Timber Bay Fund III (the “Fund”), its third flagship fund, with $281 million in total capital commitments.

“Our team has been investing in this space since 2008, and as the opportunity set continues to broaden, we remain committed to a disciplined, highly selective investment approach,” said founder and managing partner Joe Woods. “We’re grateful for the deep alignment with our existing investor base and their continued support, which enabled us to close above our target.”

The Fund received commitments from a diversified group of new and existing institutional investors, including foundations, endowments, family offices, and health systems.

Fundraising and Market Context

Amid an industry-wide trend of capital concentration toward the largest private equity firms and “one-stop shops,” Timber Bay believes significant opportunity exists in the lower-middle market, where complexity, specialization, and proprietary sourcing continue to create attractive investment opportunities. The firm believes this segment of the market remains an area where active governance, structured solutions, and meticulous underwriting expertise can drive true alpha generation.

Against this backdrop, Timber Bay’s successful fundraise reflects continued investor conviction in the firm’s strategy, track record, and long-term investment approach.

About Timber Bay Partners

Timber Bay Partners is a Cincinnati-based, private equity firm dedicated to GP-led secondaries in the lower-middle market. With approximately $1.1 billion in assets under management Timber Bay utilizes its deep structuring expertise to execute highly complex, negotiated transactions across buyout and growth equity strategies. Founded in 2016, the partners have invested together in the strategy since 2008. The firm targets North American companies in the industrial, consumer, healthcare, and technology sectors. For more information about Timber Bay Partners, including its Form ADV Part 2A brochure, please visit https://adviserinfo.sec.gov or www.timberbaypartners.com.