New York, NY – October 11, 2021 – Tenex Capital Management (“Tenex”), a private equity firm led by experienced hybrid operator-investors, has announced the final closing of Tenex Capital Partners III, L.P. (“Fund III”), raising $1.2 billion and reaching its L.P. hard cap.
Tenex CEO Mike Green commented, “We are very appreciative for both the loyalty of our existing investors and the support from our new partners. Their trust is a meaningful endorsement of the team at Tenex, the results we’ve generated, and what we seek to achieve in the future. We look forward to continuing to employ Tenex’s hybrid operator-investor approach to partnering with management teams to drive superior results.”
Tenex secured limited partner commitments from a diversified investor base of leading endowments, foundations, public and corporate pension plans, family offices, insurance companies, and global financial institutions.
Kirkland & Ellis LLP served as legal counsel, and Acalyx Advisors Inc. served as exclusive placement advisor.
About Tenex Capital Management:
Tenex Capital Management is a private equity firm that invests in middle market companies. Tenex uses an in-house team of hybrid investment professionals skilled in operational leadership, investing, and capital markets structuring to maximize long-term value creation. Tenex’s deep operating experience allows the firm to collaborate with management teams to capitalize on business and market opportunities. Tenex has successfully invested in a diverse range of industries, including industrials, business services, healthcare, building products, and auto aftermarket, among others. For additional information, please visit www.tenexcm.com.