The CapStreet Group has closed on $178 million for its CapStreet III fund. The firm has already invested about 30% of the fund's committed capital through three platform investments. The fund targets control investments in businesses that are headquartered in Texas and the Sunbelt states and that generate EBITDA between $5 million and $15 million. Vinson & Elkins and Willkie Farr & Gallagher provided legal counsel for the fund, while Knight Capital Partners served as its placement agent.