Solace Capital Partners has closed its inaugural special situations fund on $576 million, exceeding a target of $500 million. Founded in 2014, the Los Angeles-based firm targets control investments ranging from $10 million to $75 million in distressed or capital-constrained companies in the lower middle market.
Often, the headlines in the private equity industry are dominated by behemoths like The Carlyle Group, KKR and Blackstone. But every year, there are new firms cropping up—like Solace—to buy and sell new companies. In fact, a total of 109 PE investors formed in the US since the start of 2014 have completed at least one transaction since their launch, according to the PitchBook Platform.
Here are the 10 busiest since the start of 2014, including add-ons: