Fund exceeds original target of $100 million for breakthrough industrial technology investments in Canada and U.S.
WASHINGTON, Dec. 6, 2017 /CNW/ -- Anzu Partners, a U.S.-based venture capital and private equity firm that invests in breakthrough industrial technologies, today announced it has successfully completed fundraising for its first fund, Anzu Industrial Capital Partners L.P. and AICP I Limited, at $128.4 million USD (Anzu Industrial Fund). The fund is investing in Canada and U.S.-based private industrial technology companies that innovate in the following areas: Manufacturing, Monitoring & Measurement, Modeling, and Materials.
Anzu Partners' senior leadership comprises Managing Partners David Michael, David Seldin, and Whitney Haring-Smith. The fund's investors include institutions, family offices, and individuals across the U.S. and overseas.
"We are pleased with the support from our investors, and the interest in the fund's focus and approach," said Whitney Haring-Smith, Managing Partner. "We exceeded our original target of $100 million in commitments for this fund, and our investors include many industry veterans who have seen the impact that breakthrough technologies have in industries such as biopharma, electronics, aerospace, automotive, and others."
"As demonstrated by our current investments, many of these breakthrough innovations are coming from all regions of Canada, and we continue to maintain a strong focus on investing in innovative industrial technology companies throughout the country," said David Michael, Managing Partner.
Anzu Partners has already invested in three Canada-based industrial technology companies:
Lightship (Kamloops, BC), which provides a robust worksite management platform with a suite of features for communication, data collection, and emergency response
OTI Lumionics (Toronto, ON), which has developed next-generation electrode materials and processes for OLED displays and lighting
Slyce (New Waterford, NS), a visual search company that integrates deep learning image recognition technology with major enterprise customers
"The Government of Canada is helping to create the winning conditions that are propelling growth for innovative Canadian businesses. As businesses translate ideas into new products and services, they require access to capital to fuel their journey from the start-up phase to international success. New sources of venture capital can play a valued role in making Canada a global centre for innovation," said the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development.
To learn more about Anzu Partners, the Anzu Industrial Fund, and its portfolio companies, please visit https://anzupartners.com.
About Anzu Partners Anzu Partners is a venture capital and private equity firm that invests in breakthrough industrial technologies. We team with entrepreneurs to develop and commercialize technological innovations by providing capital and deep expertise in business development, market positioning, global connectivity, and operations. For more information, please visit https://anzupartners.com. On Twitter: @anzupartners
Disclaimer Anzu Partners is providing this press release for informational purposes only. This is neither an offer to sell nor a solicitation for an offer to buy an interest in any fund managed by Anzu Partners. The interests in the Anzu Industrial Fund have not been recommended, approved or disapproved by the U.S. Securities and Exchange Commission (SEC) or by the securities regulatory authority of any state or of any other U.S. or non-U.S. jurisdiction, including but not limited to Canada, nor has the SEC or any such securities regulatory authority passed upon the accuracy or adequacy of this document. Investment in any security involves substantial risk. This press release only provides a partial list of the investments made by Anzu Industrial Fund and does not purport to list all investments made by, or that will be made by, it. Anzu Partners is under no obligation to update any of the information set forth herein. Additionally, no guarantee is being given that any investment recommendation made by Anzu Partners will be profitable. This press release includes forward-looking statements that represent Anzu Partners' opinions, expectations, believes, intentions, estimates, or strategies regarding the future, which may not be realized. These statements may be identified by the use of words such as "anticipate," "believe," "estimate," "expect," "intend," "may," "plan," "will," "should," "seek," and similar expressions. These forward-looking statements reflect Anzu Partners' view and assumptions with respect to future events and are subject to risks and uncertainties. Actual and future results and trends could differ materially from those described by such statements due to various factors, including those beyond Anzu Partners' ability to control or predict. Given these uncertainties, undue reliance should not be placed on forward-looking statements. Anzu Partners does not guarantee that the events described in this press release will happen as described.