Silver Oak Services Partners II, L.P. Exceeds Fundraising Target
May 8, 2013 – New York – Forum Capital Partners (“Forum”) is delighted to congratulate Silver Oak Services Partners (“Silver Oak”) on the successful fundraising for Silver Oak Services Partners II, L.P. (“Fund II”), which held its final closing on April 30, 2013. Fund II closed on total commitments of $206 million, exceeding its target. Forum served as placement agent and fundraising advisor to Silver Oak and helped raise commitments from a diverse group of investors, including leading corporate pension plans, family offices, funds of funds, insurance companies and a sovereign entity. Fund II received strong support from both existing and new investors.
“We are pleased by the market’s reception of Silver Oak’s second fund, which exceeded its target despite a challenging fundraising environment,” said Robert Schwabe, Managing Partner of Forum Capital. “The successful fundraising campaign is directly attributable to the strength and experience of Silver Oak’s team and differentiated investment approach.”
Silver Oak will continue to execute its disciplined investment strategy, which is focused exclusively on control investments in target sectors of the business services, consumer services, and healthcare services industries in the United States. Silver Oak’s unique approach is characterized by a proactive, research-led investment process to identify attractive services sectors and related actionable investment opportunities which will benefit from Silver Oak’s industry expertise, relationships and disciplined value creation methodology. Silver Oak has already completed two platform investments on behalf of Fund II: the September 2011 acquisition of Directravel Holdings, a provider of outsourced corporate travel management services, and the April 2012 acquisition of Physical Rehabilitation Network, a physical therapy clinic platform in the Western United States.
About Forum Capital Partners:
Forum Capital Partners (www.forumcp.com), through its SEC-registered broker-dealer, Forum Capital Securities LLC, serves as an advisor and placement agent to experienced private equity, real estate and real asset managers worldwide. Founded in 2001 by Jeffrey Stern and Robert Schwabe, Forum advises and raises institutional capital for buyout, growth equity, real estate, infrastructure, secondary and other private investment funds worldwide.
If you’d like more information about this topic, or to schedule an interview with Forum Capital, please call Chris Tofalli at 914.834.4334 or email Chris at chris@tofallipr.com.