Snow Phipps has thus far raised $810 million for its third buyout fund, according to an SEC filing. The vehicle is the firm’s first in five years, following the close of Snow Phipps II on $844 million in 2011. Snow Phipps seeks to invest mainly in the industrials, services and consumer sectors, targeting investments of between $50 million and $150 million in North American companies with enterprise values ranging from $100 million to $500 million.
The new filing comes at a time when Snow Phipps seems to be gradually increasing its private equity activity. The firm completed 10 deals during 2015—its highest total of the decade, according to the PitchBook Platform. Activity in each of the past three years (including 2016 to date) has equaled or exceeded deal flow in the eight years prior. In total, more than 90% of the companies in which Snow Phipps invests are in either the B2B, B2C or IT sectors.
PitchBook subscribers can check out the firm’s past deals, closed funds, management team and more on the Snow Phipps profile.