SAN DIEGO, Calif., April 18, 2019 /PRNewswire/ — Anzu Partners, a venture capital and private equity firm that invests in breakthrough industrial technologies, today announced that it has launched its second fund, Anzu Industrial Capital Partners II L.P. and AICP II Limited, targeting $150 million USD (Anzu Industrial Fund II). Similar to Anzu’s first fund, which closed in December 2017 at $128 million USD, Fund II is investing in U.S. and Canada-based private industrial technology companies that innovate in manufacturing, materials, monitoring & measurement, and modeling.
Anzu held its first closing for Fund II in March 2019, with current commitments exceeding $110 million, and expects a final close in mid-2019. Anzu will commence investing into Fund II immediately.
Anzu Partners’ senior leadership comprises Managing Partners David Michael, David Seldin, and Whitney Haring-Smith. The Anzu professional team of 25 staff includes six PhDs in technical disciplines. The fund’s investors include institutions, family offices, and individuals across the U.S. and overseas. The firm has offices in Boston, MA, San Diego, CA, Tampa, FL, and Washington, DC.
“We see a very strong pipeline of investment opportunities in our targeted space, and we are delighted with the support we have received from our investor community that has enabled us to establish Fund II,” said David Michael, Managing Partner.
Earlier this year, the firm celebrated the successful exit of their investment in Axsun Technologies, and announced its newest investment with Liquid Instruments, a developer of precision test and measurement equipment, whose core technology originated at California Institute of Technology and the NASA Jet Propulsion Laboratory (JPL).
To learn more about Anzu Partners, Anzu Industrial Fund I and II, 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. Anzu teams 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.
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.