November 18, 2020
Capital raise / fund raise
Mac Hofeditz, Jonathan Jameson, Reidan Cruz, Michael Pizzo, Jackson Avery
GCA advises TELEO Capital on the closing of its inaugural $250m fund
GCA is pleased to announce that our client, TELEO Capital Management, LLC (“TELEO”), has held the final closing on $250M for its inaugural buyout fund, TELEO Capital, LP (the “Fund”). The Fund was oversubscribed to its original target and hard cap with commitments from a diverse group of high-quality LPs.
TELEO is a lower middle-market private equity firm that looks to invest in opportunities where its strategic thought, operational resources and capital base empower management to perform and execute their business plan. With more than 75 years of collective private equity experience, TELEO brings a successful track record of execution. TELEO targets opportunities in the technology and software, healthcare IT, business services and industrial sectors. The firm is based in Boise, Idaho and Los Angeles, California.
GCA acted as exclusive placement agent to TELEO in connection with this fundraise. This deal adds to GCA’s extensive track record as a leading financial advisor in the private funds sector, with multiple successful fundraisings for a variety of private equity strategies. Since the inception of GCA’s private funds group in 2014, the group has advised on transactions in excess of $6 billion and 13 inaugural fundraises.