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Intervale Capital Closes Second Fund At $376 Million

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September 10, 2012

Intervale Capital, LLC announced the final closing of its second fund with capital commitments of $376 million. Intervale Capital Fund II, L.P. and affiliates exceeded its target of $325 million and investor demand for the fund exceeded the $350 million cap on limited partner commitments.

Intervale raised $281 million for its first fund in 2008 and recently completed its first two exits. Casedhole Solutions, Inc. was sold to C&J Energy Services, Inc. (CJES) in June 2012 for $278 million. Ulterra Drilling Technologies, L.P. was sold to ESCO Corporation in August ...

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