LOS
ANGELES, July 9, 2024 /PRNewswire/ -- Truelink
Capital Management, LLC ("Truelink" or the "Firm"), a Los Angeles-based middle market private equity
firm, is pleased to announce the final close of its first fund,
Truelink Capital I, L.P. (the "Fund"). The Fund closed with
aggregate third-party LP commitments of $875
million, exceeding its target of $600
million and its original hard cap of $750 million. Truelink's General Partner
and related parties also invested heavily in the Fund. The
Fund received strong support from a diverse group of global
investors including pension plans, foundations, insurance
companies, financial institutions, family offices and
consultants.
![Truelink Capital (PRNewsfoto/Truelink Capital) Truelink Capital (PRNewsfoto/Truelink Capital)](https://mma.prnewswire.com/media/2439632/Truelink_Capital_Logo.jpg)
Founded by Todd Golditch and
Luke Myers, formerly of Platinum
Equity, Truelink has brought their well-established,
operationally-intensive strategy to the middle market. Truelink
pairs deep industry experience in the Technology-Enabled Services
and Industrials sectors with a commitment to building partnerships
that drive long-term value creation.
"This is an exciting milestone for Truelink, and we are thrilled
with the support of our limited partners," said Todd Golditch and Luke
Myers, Co-Founders of Truelink. "The strong LP demand, we
believe, is a testament to our team and the strategy, demonstrating
deep sector experience and value-orientation with a
well-established process of driving operational improvements and
executing strategic M&A. We wish to thank our world-class
limited partners for their commitments and trust in us."
To date, Truelink has completed four platform investments and
has executed an agreement to acquire a fifth platform:
- Trulite (closed), a fabricator of architectural glass
and architectural aluminum systems used in commercial
applications
- Richardson Sales Performance (closed), an education
technology provider in sales training and performance
improvement
- Flipp (closed), a marketing technology platform enabling
digital merchandising and feature price promotions
- Ansira (closed), a marketing services company with
proprietary channel, website and advertising technology
platforms
- Air Distribution Technologies (signed), a manufacturer
of HVAC-related air management products and filtration solutions,
to be acquired from Johnson Controls
In addition, Truelink has completed four strategic and
complementary add-on acquisitions to date for its portfolio
companies.
William Blair & Company
served as exclusive placement agent and lead financial advisor for
the fundraise, and Kirkland & Ellis acted as legal advisor.
About Truelink Capital Management, LLC
Truelink is a
middle market private equity firm based in Los Angeles. Truelink pairs deep industry
experience in the Technology-Enabled Services and Industrials
sectors with a commitment to building partnerships that drive
long-term value creation through an operationally focused strategy.
Truelink partners with management, corporate sellers and founders
to accelerate growth through the execution of operational
improvements, strategic initiatives and transformative add-on
acquisitions.
Media Contact
Truelink Capital
Peter Schultz
pschultz@truelinkcap.com
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SOURCE Truelink Capital