SK Capital Partners Closes Catalyst Fund II at $800 Million
New York, NY, August 2, 2023 – SK Capital Partners, LP (“SK Capital” or the “Firm”), a private investment firm focused on the specialty materials, ingredients, and life sciences sectors, today announced the close of SKCP Catalyst Fund II (“Catalyst Fund II” or the “Fund”). The Fund was oversubscribed with total committed capital of $800 million, reflecting the Fund’s $750 million hard cap on Limited Partner commitments and SK Capital’s investment of an additional $50 million.
SK Capital applies the same investment process and principles across its entire portfolio and invests capital from two parts of the SK Capital fund family: Flagship and Catalyst. The Flagship strategy currently focuses on the upper mid-sized and large companies, while the Catalyst strategy, founded in 2019, is dedicated to the lower middle market companies. Since its founding in 2007, SK Capital has raised 7 funds and has over $7.8B of assets under management across both Flagship and Catalyst strategies.
“We are extremely grateful for the trust of our Limited Partners who supported Catalyst Fund II and look forward to investing together in what we see as a highly attractive environment for our strategy. The successful fundraise is a recognition of the Firm’s ability to deliver value across the deal size spectrum in our sectors of focus, and in particular our ability to capture value and generate distributions in a challenging market,” said Barry Siadat, Co-Founder and Managing Director of SK Capital.
Catalyst Fund II focuses on transformative buyout investments that generally require initial committed equity capital of up to $100 million. The predecessor fund, Catalyst Fund I, had aggregate commitments of approximately $415 million and has made a total of eight platform investments, two of which have already had significant realizations: the full exit of NuCera Solutions and the majority sale of Techmer PM.
The Catalyst investment team continues to grow and is currently comprised of thirteen dedicated professionals with deep operating and investing experience in our sectors of focus. The Catalyst team, led by Managing Directors Mario Toukan and Jon Borell, leverages the vast shared resources of SK Capital to sustainably create and capture value for all of our stakeholders.
Mario Toukan, Managing Director of SK Capital, said, “We appreciate the outstanding support from both new and longstanding SK Capital investors, whose partnership is invaluable as we seek to build great companies across our sectors of focus in collaboration with top management teams.”
About SK Capital
SK Capital is a private investment firm with a disciplined focus on the specialty materials, ingredients, and life sciences sectors. The Firm seeks to build resilient, sustainable, and growing businesses that create substantial long-term economic value. SK Capital aims to utilize its industry, operating, and investment experience to identify opportunities to transform businesses into higher performing organizations with improved strategic positioning, growth, and profitability, as well as lower operating risk. SK Capital’s portfolio of businesses generates revenues of approximately $17 billion annually, employs more than 25,000 people globally, and operates more than 200 plants in over 30 countries. The Firm currently has approximately $7.8 billion in assets under management. For more information, please visit www.skcapitalpartners.com.