NEWS

WIRES

OTHER

Solis Capital Partners Announces First Closing of Fund II

"The launch of Fund II is a milestone for Solis," said Dan Lubeck, managing director and founder of Solis. "We appreciate the support and validation from our prior and new investors, especially in this challenging fundraising environment. In Fund II, we will continue our strategy of generating consistent, superior returns through growth and improvement of lower middle-market businesses."

Solis expects to complete its first investment for Fund II, a San Clemente, CA-based company, in the next several weeks and is actively pursuing additional opportunities in Southern California and the Western United States.

"While our fundamentals-based investment approach has proven effective over the last 20 years, we are particularly excited about the period in front of us. We, and firms like us that have expertise in the lower middle-market, will be very important to the American economy as the very large number of aging Baby Boomers seek to recapitalize or exit their businesses," said Lubeck. "A lot of firms are expressing interest in the lower middle-market. However, successful investing requires specialized processes and hands-on operational support. We are fortunate. That is what Solis Capital does and has always done."

Solis' first fund included successful investing in lower middle-market specialty manufacturing, business service and software companies.

Solis Capital Partners is a lower middle-market private equity firm located in Southern California. Solis prefers business service, manufacturing and value-added distribution companies, located in the Western United States, in large, highly fragmented markets. Solis consistently has generated superior investment returns through multiple business cycles utilizing its fundamentals-based growth and improvement strategy. The firm is actively investing through its second fund, Solis II. For additional information, see www.soliscapital.com.

Media Contact: Linda Ames Solis Capital Partners, 949-300-2545, linda@amescommunications.com

News distributed by PR Newswire iReach: https://ireach.prnewswire.com

SOURCE Solis Capital Partners