Prospect Partners Closes Fund V at $225M, Targets North American Businesses

Chicago-based Prospect Partners has successfully closed its fifth fund at $225 million, surpassing its target. The firm specializes in investing in lower-middle-market companies across North America, focusing on niche leaders in various industries. With a track record of over 50 platform investments since its founding, Prospect Partners will continue its strategy of supporting smaller, growth-oriented businesses. The fund will target companies with enterprise values under $75 million, aiming to drive operational improvements and strategic growth. This latest capital raise follows the firm's commitment to identifying long-term opportunities in the lower-middle-market space.