Palm Peak Capital, LLC (“Palm Peak Capital,” “Palm Peak,” or the “Firm”), a private equity firm that invests in lower-middle market industrial and services companies across North America, today announced the close of its inaugural fund, Palm Peak Capital Fund I, L.P. and Palm Peak Capital Fund I-A, L.P. (collectively, the “Fund”) with total committed capital of $374 million.¹ The Fund was oversubscribed and hit its hard cap, bringing in commitments from a diverse group of global investors, including university endowments, institutional family offices, pension funds, insurance companies, and fund-of-funds.

Headquartered in Boca Raton, Palm Peak partners with talented founders and management teams through a collaborative, process-oriented approach to generate long-term value together. The Firm was founded in 2024 by Steve Liff, Daniel Florian, and Jeremy Stone (together, the “Managing Partners” or “Co-Founders”), who bring approximately 20 years of experience working together.

“We are proud to announce the successful closing of our inaugural fundraise and are grateful for the strong support of our investors,” the Co-Founders said. “This marks a significant milestone for Palm Peak Capital, reflecting our LPs’ confidence in our value-oriented, operationally focused investment strategy.”

The Co-Founders added: “After nearly two decades working together, and now with our exceptional team at Palm Peak, we are excited to continue partnering with outstanding management teams to build market-leading industrial and services businesses. We look forward to executing on our pipeline of compelling opportunities and expanding our high-quality portfolio alongside investors who share our vision for generating lasting value.”

To date, the Fund has completed platform investments in Pacific Shoring Products, a leading manufacturer of trench safety equipment, and Domaille Engineering, a leading provider of advanced equipment, components, and related accessories used to manufacture pre-terminated fiber optic cables and high precision parts for mission critical end markets.

Connaught (U.S.) LLC acted as placement agent and Kirkland & Ellis LLP acted as legal advisor to Palm Peak Capital for the Fund.

About Palm Peak Capital

Palm Peak Capital is a private equity firm that invests in lower-middle market industrial and services companies across North America. Palm Peak targets control buyouts of fundamentally sound businesses with tangible opportunities for operational improvement and growth. The Firm provides integrated and comprehensive resources to company management teams seeking to achieve their "Peak Performance."

For more information, please visit www.palmpeakcapital.com.

¹ Inclusive of capital commitments from Palm Peak and its affiliates.

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