We advised TruArc Partners on the fundraise and related matters for TruArc Fund V

Davis Polk advised TruArc Partners, LP in connection with the formation, fundraise and related matters for TruArc Fund V, LP, which recently held its final closing with $1.2 billion in capital commitments, exceeding its $1.1 billion target and well above its $840.1 million predecessor fund. Fund V’s investor base is comprised of a geographically diverse group and includes family offices, asset managers, fund of funds, and insurance companies.

Based in New York City, TruArc Partners is a private equity firm focused on middle-market investments. TruArc focuses on companies in attractive sub-sectors across specialty manufacturing and business services. The TruArc investment team collaborates with its operating partners and portfolio management teams to create value through a transformational growth strategy led by organic or acquisition-driven growth. TruArc has continued to develop and refine its disciplined investment approach focusing on sector, strategy and process. The firm’s experienced senior investment team has collectively led approximately $3.4 billion of private equity investments (inclusive of co-investment) across 24 platform investments in specialty manufacturing and business services. Supported by an integrated team of 37 investment and operating professionals, TruArc partners closely with management teams to pursue transformational growth through organic initiatives and strategic acquisitions intended to expand addressable markets by increasing products, services, sales channels and geographies.

The Davis Polk investment management team included partners Michael S. Hong and Sijia Cai, counsel Joel Kuzniecky and associates Xudong (George) Tan and Rosina Curren. Partner Ethan R. Goldman, counsel Danielle Rapaccioli and associate Jenna Battaglia provided tax advice. Counsel Chaoyuan (Charles) Shi provided ERISA advice. All members of the Davis Polk team are based in the New York office.

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