Guardian Capital Partners has closed its second fund after reaching its $153.5 million hard cap in less than 12 months of fundraising. The oversubscribed Guardian Capital Partners Fund II is more than three times larger than its predecessor, which closed at $50 million in January 2010. The firm focuses on control investments in lower-middle-market U.S. companies with annual revenues between $20 million and $100 million and EBITDA between $3 million and $9 million. Guardian’s targeted industries are consumer products, niche manufacturing and specialty business services. Gibson Dunn & Crutcher provided fund formation and tax counsel, while Ernst & Young provided audit and tax services.