Flexpoint Ford closes Flexpoint Fund IV, Flexpoint Overage Fund IV.

Global Banking News-July 12, 2019-Flexpoint Ford closes Flexpoint Fund IV, Flexpoint Overage Fund IV

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Flexpoint Ford, LLC, a private equity investment firm specializing in the financial services and healthcare industries, has announced the first and final closing of its fourth private equity fund, Flexpoint Fund IV, L.P. ("Fund IV"), along with a companion fund, Flexpoint Overage Fund IV, L.P. ("Overage Fund IV"), the company said.

Total committed capital between the Funds is USD 2.0 billion, with USD 1.5 billion in Fund IV and USD 500 million in Overage Fund IV. Overage Fund IV is intended to invest alongside Fund IV in larger transactions.

Fund IV plans to continue the strategy established in predecessor funds, investing in majority and minority equity stakes in financial services and healthcare companies, utilizing Flexpoint Ford's demonstrated proprietary sourcing, execution and operating capabilities.

Flexpoint Ford is uniquely flexible with respect to investment size, structure and asset class. Fund IV and Overage Fund IV will invest from USD 50 million to USD 500 million in a single transaction. Flexpoint Ford's experience includes investments in minority and majority structures in both private and public companies, and in a wide range of transaction types, including buyouts, growth investments and turnarounds.

Kirkland & Ellis LLP served as legal counsel for Fund IV and Overage Fund IV. Flexpoint Ford did not use a placement agent.

Flexpoint Ford is a private equity investment firm that has raised more than USD 4.3 billion in capital and specializes in privately negotiated investments in the healthcare and financial services industries. Since the firm's formation in 2005, Flexpoint Ford has completed investments in more than 30 companies across a broad range of investment sizes, structures and asset classes. Flexpoint Ford is headquartered in Chicago, Illinois. For more information about Flexpoint Ford, visit www.flexpointford.com.

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