CenterGate Capital Partners II

CenterGate Capital Partners II is the second private equity fund of CenterGate Capital, an Austin, Texas-based lower middle market buyout firm, which achieved final close on August 4, 2023 with over US$375 million in total capital commitments, exceeding its fundraising target. The investor base includes leading pension funds, endowments, foundations, family offices, asset management firms, and financial institutions. The fund builds on CenterGate's established track record from its predecessor, CenterGate Capital Partners I, which closed in December 2016 with US$350 million in commitments, bringing the firm's total assets under management to over US$740 million across both vehicles.

CenterGate Capital Partners II focuses on control investments in lower middle market companies headquartered in North America, targeting businesses with approximately US$5 million to US$30 million in EBITDA and deploying equity checks of US$10 million to US$75 million per platform. The firm's target sectors include business services, manufacturing, and consumer — industries where CenterGate's operational and transaction expertise enables it to identify businesses with meaningful value-creation potential through revenue growth, margin improvement, or strategic add-on acquisitions. CenterGate's Austin-based team brings a combination of investment banking, operations, and private equity experience to a segment of the market that typically has fewer institutional bidders and better pricing dynamics than larger buyout targets.

Since its founding, CenterGate has completed twelve platform investments and eighteen add-on acquisitions, building a track record of consistent execution in lower middle market transactions with proven exit capabilities. The firm's ability to raise Fund II at an oversubscribed close — surpassing the initial fundraising target by a meaningful margin — reflects institutional investor confidence in CenterGate's deal sourcing, portfolio management, and value-creation capabilities in the North American lower middle market. The continued growth from Fund I to Fund II demonstrates the firm's ability to scale while maintaining its disciplined, operationally focused approach to buyout investing.