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US Wind Point Partners closes fifth fund at $476m15/05/2003. Source: AltAssets. 
 US-based Wind Point Partners has closed its fifth fund with commitments of $476m. A number of repeat investors including the State of Michigan Retirement Systems, the State of Wisconsin Investment Board, DaimlerChrysler Corporation and Northwestern Mutual Life, have invested in the fund.
In addition, a number of new limited partners, including Teachers' Merchant Bank, the private equity arm of Ontario Teachers' Pension Plan, Mass Mutual Life Insurance, the Illinois State Board of Investment and PPM America, committed to Wind Point Partners V.
Wind Point focuses on identifying world-class CEOs to build market-leading enterprises via acquisition and growth.
‘Our CEOs provide a significant competitive advantage,' said Rich Kracum, managing director of Wind Point. ‘Bringing an executive with relevant experience operating a several billion dollar enterprise to bear on a middle market portfolio company with a detailed value creation plan yields excellent results.'
Wind Point will invest its latest fund in between ten and 15 companies and has already made commitments to two portfolio companies. A third undisclosed investment is expected to close soon.
Wind Point has also raised a strategic side fund with over 30 executive advisor partners that will invest side by side with Wind Point Partners V. The executive advisor partners assist the firm with identifying exceptional leadership, identifying value creation plans for potential portfolio companies, and participating on portfolio company boards.
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