Nike Stock Jumps After Apple CEO Tim Cook Buys $2.9M Worth of Shares 
Nvidia and Groq Strike Strategic AI Inference Licensing Deal 
Eli Lilly and Novo Nordisk Battle for India’s Fast-Growing Obesity Drug Market 
Nvidia to Acquire Groq in $20 Billion Deal to Boost AI Chip Dominance 
California DMV Proposes New Safety Rules for Autonomous Vehicles After Waymo Incidents 
FTC Praises Instacart for Ending AI Pricing Tests After $60M Settlement 
TSMC Honors Japanese Chip Equipment Makers With 2025 Supplier Awards 
GLP-1 Weight Loss Pills Set to Reshape Food and Fast-Food Industry in 2025 
Saks Global Weighs Chapter 11 Bankruptcy Amid Debt Pressures and Luxury Retail Slowdown 
DOJ Reaches Settlement With Blackstone’s LivCor Over Alleged Rent Price-Fixing 
Winter Storm Devin Triggers Massive Flight Cancellations and Travel Disruptions Across the U.S. 
Boeing Wins $2.04B U.S. Air Force Contract for B-52 Engine Replacement Program 
Texas App Store Age Verification Law Blocked by Federal Judge in First Amendment Ruling 
Warner Bros. Discovery Shares Slide Amid Report of Potential Paramount Skydance Lawsuit 
John Carreyrou Sues Major AI Firms Over Alleged Copyrighted Book Use in AI Training 
South Korean Court Clears Korea Zinc’s $7.4 Billion U.S. Smelter Project, Shares Surge 
CHICAGO, Nov. 09, 2016 -- ParkerGale Capital, LP today announced the close of its debut buyout fund. Exceeding its original target of $200 million, the fund closed at $240 million, with contributions from a balanced mix of family offices, pensions, managed accounts, endowments and funds of funds.
“We are excited to be in business and humbled by the support of our limited partners,” said Devin Mathews, Partner at ParkerGale Capital. “Now back to our day jobs – finding more management teams to support and great companies to buy.”
Partner Jim Milbery added, “We believe we are building something unique here at ParkerGale, and we are grateful to our investors for helping us achieve that goal.”
ParkerGale was formed in 2014 by the former technology investment team from Chicago Growth Partners, including Devin, Jim, Kristina Heinze, Ryan Milligan, Dave Chandler as well as Chief Financial Officer Corey Dossett, and office manager Sharon Janowski. Since its founding, ParkerGale has added Principals Alan Williamson and Kevin Fitzgerald and Associate Cass Gunderson. Private equity industry veteran, Tim Murray, serves as the fund’s Senior Advisor.
With this new fund, the ParkerGale team is continuing its focus on acquiring profitable, founder-owned technology companies in the lower middle market.
ParkerGale has completed two acquisitions including Aircraft Technical Publishers, the general aviation industry’s only single-source provider of information management services for manufacturers, owners, operators and maintenance providers, and OnePlus Systems, which offers patented sensor technology and software solutions to monitor waste receptacles for some of the largest companies and smart cities around the world.
BearTooth Advisors acted as strategic fundraising advisor and Kirkland & Ellis acted as fund counsel for ParkerGale.
For more information about the fundraising process, please check out the ParkerGale blog or listen to Devin and Jim discuss more details on the firm’s podcast.
About ParkerGale
ParkerGale Capital is a small private equity fund based in Chicago that buys profitable, founder-owned software and technology-enabled services companies where the firm’s operating resources can have a meaningful impact. ParkerGale also hosts the private equity industry’s only podcast, the PEFunCast on iTunes and Google Play. For more information, please visit www.parkergale.com
About BearTooth
BearTooth Advisors provides strategic advisory and placement agency services to alternative investment managers globally. Founded in 2014, BearTooth operates from offices in London and New York. Since inception, BearTooth has raised over $6 billion from over 220 distinct LPs for 5 private equity funds. For more information on BearTooth Advisors, a division of Riverstone Capital Services LLC, please visit www.beartoothadvisors.com
Meghan Spork [email protected] 312.241.1474
