Houlihan Lokey Advises Endeavour

Houlihan Lokey is pleased to announce that Endeavour Capital Fund VIII, LP closed oversubscribed with $850 million of commitments, exceeding its target of $800 million and reaching its hard-cap.

Endeavour Capital (Endeavour) raised $850 million in commitments for its eighth flagship fund, Endeavour Capital Fund VIII, LP, and parallel entities (the Fund). The Fund enables Endeavour to continue its long-standing regional strategy of investing in directly sourced, Western U.S.-based, middle-market growth companies. The Fund was raised with continued support from Endeavour’s existing limited partners and a small group of new relationships predominately comprising large insurance companies and state pension plans. Endeavour has closed each of its eight funds oversubscribed.

Endeavour, which was founded in 1991, is a growth-oriented private investment firm with professionals based in Portland, Seattle, Los Angeles, and Denver. The firm partners with founders, family owners, and management teams who are seeking a local, value-add partner with an emphasis on stewardship. Endeavour specializes in four industries—consumer, industrials, technology and business services, and healthcare—and transactions generally between $25 million and $250 million.

Houlihan Lokey served as Endeavour’s exclusive advisor and arranged the private placement. This transaction highlights the Private Funds Group’s continued success delivering superior results in a crowded fundraising market, which was further complicated by the COVID-19 pandemic.