Jul
24
Velocis Closes Second Fund, Raises $270M
ByThe current equity commitments provide Fund II with $775 million in purchasing power.
Left to right: Jim Yoder, Paul Smith, Fred Hamm, David Seifert and Mike Lewis of Velocis
Dallas—Velocis has closed its second fund with equity commitments exceeding $270 million, bringing Velocis Fund II assets under management to $400 million.
The current equity commitments provide Fund II with $775 million in purchasing power, incorporating moderate leverage. Management anticipates raising an additional $50 million of co-investment equity from investors, giving Fund II approximately $920 million in purchasing power…
