Southfield Capital has closed its fourth fund, Southfield Capital IV LP, with $560 million in capital commitments, surpassing its original hard cap.
Institutional limited partners in Fund IV include various entities like family offices, consultants, pension funds, and insurance companies.
The firm focuses on investing in entrepreneur-led, lower middle market outsourced business services firms with a strategy of operational scaling and strategic acquisitions.
Recent acquisition by Southfield Capital includes TFS, an Ohio-based provider of outsourced fleet management services for material handling equipment.