Platinum Equity Completes Capital Raising for Second Lower Middle Market Fund

LOS ANGELES (Sept. 5, 2025) - Platinum Equity confirmed today the recent completion of capital raising for Platinum Equity Small Cap Fund II, L.P., its latest fund focused on investment opportunities in the lower middle market. The fund exceeded its target of $1.75 billion and closed with $2.28 billion in commitments.

It employs Platinum Equity's highly specialized M&A&O® strategy that integrates investment expertise with deep operational capabilities and is being deployed by the firm's dedicated lower middle market investment team, which was established more than a decade ago to focus on the space as the firm's flagship funds moved upstream into larger deals.

"We've built a powerful lower-middle market franchise that draws on three decades of experience and allows us to create value across the full spectrum of investment opportunities," said Platinum Equity Chairman and CEO Tom Gores, who founded the firm in 1995. "The team has deep roots and tremendous momentum, and the overwhelming response to our latest fund is a testament to that."

The firm's lower middle market team comprises more than 40 M&A and Operations professionals across North America and Europe. The group specializes in transactions involving founder- or family-owned businesses, complex corporate divestures, public-to-private transitions, and acquisitions from a diverse range of private sellers. Recent acquisitions include home appliance distributor R&B Wholesale Distributors, Italian pesto maker Polli, and HVAC/R distributors Global and MARS.

Small Cap II marked Platinum Equity's second successful capital raise in back-to-back years. The flagship Platinum Equity Capital Partners VI closed in 2024 with $12.4 billion in capital commitments. The firm has raised more than $47 billion in equity commitments from institutional investors since launching its funds business more than two decades ago.

Simpson Thacher & Bartlett LLP is Platinum's fund counsel and legal adviser for Small Cap II.

About Platinum Equity

Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with approximately $50 billion of assets under management and a portfolio of approximately 60 operating companies that serve customers around the world. Platinum Equity specializes in mergers, acquisitions and operations - a trademarked strategy it calls M&A&O® - acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. Over the past 30 years Platinum Equity has completed more than 500 acquisitions.

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