Angeles Equity Partners announces the close of Angeles Equity Partners II, L.P.

Angeles Equity Partners, a specialist lower mid-market investment firm, has closed Fund II above $540 million, exceeding its target of $500 million.

Fund II is over 50% larger than the previous vintage, bringing total Firm capital commitments to nearly $1 billion. The Fund is comprised of a diverse set of institutional investors from across North America, Europe and Asia, and includes endowments, foundations, public pension plans, fund-of-funds and family offices. 

Consistent with its first fund, Angeles will continue to execute on its strategy of transforming underperforming industrial businesses in North America through seasoned investment acumen, deep sub-sector insight and comprehensive operational engagement. Angeles has already committed capital to four platform investments in the new fund: Agile Occupational Medicine, Precision Surfacing Solutions, Data Clean and Custom Goods.

Rede Partners is delighted to have supported Angeles Equity Partners as global placement advisor. We extend our warmest congratulations to the whole Angeles team and look forward to our continued partnership.