LOS
ANGELES, July 9, 2024 /PRNewswire/ -- Truelink
Capital Management, LLC ("Truelink" or the "Firm"), a Los Angeles-based middle market private equity
firm, is pleased to announce the final close of its first fund,
Truelink Capital I, L.P. (the "Fund"). The Fund closed with
aggregate third-party LP commitments of $875
million, exceeding its target of $600
million and its original hard cap of $750 million. Truelink's General Partner
and related parties also invested heavily in the Fund. The
Fund received strong support from a diverse group of global
investors including pension plans, foundations, insurance
companies, financial institutions, family offices and
consultants.
Founded by Todd Golditch and
Luke Myers, formerly of Platinum
Equity, Truelink has brought their well-established,
operationally-intensive strategy to the middle market. Truelink
pairs deep industry experience in the Technology-Enabled Services
and Industrials sectors with a commitment to building partnerships
that drive long-term value creation.
"This is an exciting milestone for Truelink, and we are thrilled
with the support of our limited partners," said Todd Golditch and Luke
Myers, Co-Founders of Truelink. "The strong LP demand, we
believe, is a testament to our team and the strategy, demonstrating
deep sector experience and value-orientation with a
well-established process of driving operational improvements and
executing strategic M&A. We wish to thank our world-class
limited partners for their commitments and trust in us."
To date, Truelink has completed four platform investments and
has executed an agreement to acquire a fifth platform:
- Trulite (closed), a fabricator of architectural glass
and architectural aluminum systems used in commercial
applications
- Richardson Sales Performance (closed), an education
technology provider in sales training and performance
improvement
- Flipp (closed), a marketing technology platform enabling
digital merchandising and feature price promotions
- Ansira (closed), a marketing services company with
proprietary channel, website and advertising technology
platforms
- Air Distribution Technologies (signed), a manufacturer
of HVAC-related air management products and filtration solutions,
to be acquired from Johnson Controls
In addition, Truelink has completed four strategic and
complementary add-on acquisitions to date for its portfolio
companies.
William Blair & Company
served as exclusive placement agent and lead financial advisor for
the fundraise, and Kirkland & Ellis acted as legal advisor.
About Truelink Capital Management, LLC
Truelink is a
middle market private equity firm based in Los Angeles. Truelink pairs deep industry
experience in the Technology-Enabled Services and Industrials
sectors with a commitment to building partnerships that drive
long-term value creation through an operationally focused strategy.
Truelink partners with management, corporate sellers and founders
to accelerate growth through the execution of operational
improvements, strategic initiatives and transformative add-on
acquisitions.
Media Contact
Truelink Capital
Peter Schultz
pschultz@truelinkcap.com
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SOURCE Truelink Capital