WILsquare Lands Capital For Debut PE Fund

Jack Hammond, Altassets

Newly-formed private equity firm WILsquare Capital has collected $37m for its debut fund, AltAssets can reveal.

WILsquare Capital Partners Fund I has received commitments from three LPs according to a filing with the US Securities and Exchange Commission.

The filing doesn’t reveal how much the fund is targeting or whether the vehicle has a hard cap.

A spokesperson for the firm was not immediately available to comment.

William Willhite and James Wilmsen co-founded WILsquare in Janaury 2015 according to their LinkedIn profile.

Willhite, previously a managing partner at Thompson Capital Partners, has spent more than 20 years in private equity with total fund commitments exceeding $1.5bn.

His experience includes providing strategic direction and advice to lower-middle market companies, their management teams and their shareholders.

Prior to co-founding WILsquare, Wilmsen was chief financial officer at Unite Fiber networks.

He has more than 25 years of proven managerial, operational, financial and profit loss management experience.

WILsquare was established to dedicate financial capital and operating experience to lower-middle market companies in the Midwest and South according to its website.

It targets companies with $3m to $10m EBITDA, focusing business services, technology infrastructure and services, differentiated distribution, niche manufacturing, and internet and catalog-based enterprises.