Brass Ring Capital Fund III Closing Announcement

Minneapolis-based, Brass Ring Capital is pleased to announce it reached its fundraising goal of $50 million for its third private equity partnership on November 30, 2018.

Our track record of success, and strong support from existing investors, allowed the firm to raise this new capital in only 90 days.  “We are excited to begin the next chapter in our story.  The support we received from existing LPs was gratifying, and a recognition of the success we have achieved over the last 15 years,” said David Raffel, Managing Director at Brass Ring.

With more money to invest, Brass Ring intends to hire additional junior investment professionals and expand its Minneapolis office. Additionally, Brass Ring is excited to announce the addition of Jon Goetze as the firm's new Operating Partner. Jon brings a wealth of operating experience and will primarily focus on due diligence and value creation at the portfolio company level.

Building on our 15 years of successfully growing small companies, Brass Ring will continue to participate in the under-served $1 - $5 million EBITDA segment of the private equity market, with a primary focus of providing liquidity to owner-operators that want to retire and/or executing leveraged recapitalizations in partnership with existing management teams and founders.

This new fund now brings Brass Ring’s assets-under-management (AUM) to $80 million as it continues to oversee the $30 million in its second investment vehicle, RCP Fund II, which is presently invested in five portfolio companies.