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Brass Ring fundraising announcement

July 1, 2004

Brass Ring Capital announced that it has completed a final closing on a new private equity investment fund, Renovaré Capital Partners. The firm raised $13.7 million in capital from 65 individual limited partners. 

The new fund will focus on providing liquidity to retiring owners of profitable, small businesses in the Upper Midwest as well as supporting management led buyouts and recapitalizations. Brass Ring is owned and managed by private equity veterans David J. Raffel and Steven D. Peterson. “We believe there is a truly underserved need in the private equity market for transactions which require $1 - $3 million of equity, especially in Minnesota and Wisconsin”, explained Raffel. 

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