TruArc Partners Closes on $1.2 Billion for TruArc Partners Fund V, Exceeding Target

Fund V Closes Substantially Above $840.1 Million for Fund IV

NEW YORK--(BUSINESS WIRE)--TruArc Partners (“TruArc”), a private equity firm focused on middle-market investments in specialty manufacturing and business services, today announced the final close of TruArc Partners Fund V (together with its parallel funds, “Fund V”) with $1.2 billion in capital commitments, exceeding its $1.1 billion target and well above its $840.1 million predecessor fund.

Co-Managing Partners Ogden Phipps, John Pless, and Alan Mantel collectively stated "We are extremely grateful for the support from our long-time investors and delighted to welcome a distinguished group of new institutional investors to the fund. We believe the strong re-up participation from our existing investors, together with the influx of new investors, reflects confidence in TruArc's team, disciplined investment approach, and our focus on the specialty manufacturing and business services sectors. Fund V will continue our mission to identify attractive companies with experienced management teams and employees where we believe our capital can help support growth and strengthen their competitive position over time.”

TruArc has continued to develop and refine its disciplined investment approach focusing on sector, strategy, and process. The firm's experienced senior investment team has collectively led approximately $3.4 billion of private equity investments (inclusive of co-investment) across 24 platform investments in specialty manufacturing and business services. Supported by an integrated team of 37 investment and operating professionals, TruArc partners closely with management teams to pursue transformational growth through organic initiatives and strategic acquisitions intended to expand addressable markets by increasing products, services, sales channels, and geographies.

Fund V’s investor base is comprised of a geographically diverse group and includes family offices, asset managers, fund of funds, and insurance companies.

Lazard served as the exclusive global placement agent. Davis Polk & Wardwell LLP served as legal counsel.

About TruArc Partners

TruArc Partners is a private equity firm focused on middle-market investments. TruArc focuses on companies in attractive sub-sectors across specialty manufacturing and business services. The TruArc investment team collaborates with its operating partners and portfolio management teams to create value through a transformational growth strategy led by organic or acquisition-driven growth. To learn more about TruArc visit www.truarcpartners.com.

Disclosure: This press release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities.