About This Fund
Pacenote Equity Fund I is a buyout fund managed by Pacenote Capital, a firm established in 2019. The fund is focused on investing alongside independent sponsors and emerging private equity managers, primarily targeting the smaller side of the mid-market. Pacenote Equity Fund I successfully closed its debut fund at $87.5 million (April 2024), surpassing its initial $50 million target and going slightly over its $75 million cap with the permission of its limited partners (LPs). The capital was sourced from a mix of endowments, foundations, family offices, and personal commitments from both LP and GP executives (Buyouts) (Private Equity International). The fund's strategy involves making equity investments of $5 million to $10 million in approximately eight to ten companies, with the potential to source additional co-investment capital from its LPs for larger deals (Buyouts). The firm operates out of Austin, Texas, and has additional offices and key personnel in New York and Charlotte.