About This Fund
CenterGate Capital Partners II is the second institutional private equity fund raised by CenterGate Capital, an Austin, Texas-based firm specializing in control-oriented investments in lower middle market companies across North America. Founded to partner deeply with established operating businesses and their management teams, CenterGate focuses on a segment of the private equity market that offers meaningful value creation potential through operational engagement, strategic add-on acquisitions, and long-term partnership with proven management talent in industries characterized by fragmentation and recurring revenue dynamics.
CenterGate Capital Partners II targets control investments in lower middle market companies across a range of industries, with demonstrated portfolio exposure to industrial manufacturing, technology-enabled services, specialty products, and government contracting sectors. The fund employs a disciplined buy-and-build strategy that involves acquiring well-positioned platform companies and then augmenting their scale and capabilities through targeted add-on acquisitions in adjacent geographies or complementary product lines. CenterGate's investment team emphasizes constant and open communication with management partners, operational engagement across functional areas, and flexible capital structuring designed to align interests throughout the investment lifecycle.
CenterGate Capital Partners II held its final close on August 4, 2023, raising over $375 million in total equity commitments—exceeding the fund's fundraising target and drawing capital from a diversified institutional base comprising leading pension funds, endowments, foundations, family offices, asset management firms, and financial institutions. Since CenterGate's founding, the firm has completed more than 12 platform investments and 18 add-on acquisitions, building a consistent record of value creation in the lower middle market. Total assets under management across CenterGate's fund family exceeded $740 million at the time of Fund II's final close, reflecting the firm's established track record and growing investor confidence.