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NORTH DALLAS - A Dallas investment house has closed on $125 million in commitments for a new private-equity buy-out fund that will focus on middle-market companies in the Sunbelt.
Officials of SunTx Capital Partners say they could ultimately raise $200 million to $250 million to invest. Any amounts closed beyond the existing $125 million will be put into a parallel investment fund, according to Mark R. Matteson, a SunTx partner.
The new fund marks a shift for SunTx Capital, which previously invested in so-called "basic" businesses as a call fund, meaning it tapped wealthy individuals, institutions and various public-financing instruments for capital when an opportunity arose. Now, SunTx Capital will have cash at the ready from its backers.
SunTx did its first close on the Fulcrum fund of $65 million on Sept. 10, 2001. The fund-raising climate became difficult after that, but it accomplished...