Ā鶹APP Holdings Completes a āOne and Doneā Closing of Fifth Investment Fund at Hard Cap of $6.45 Billion
GREENWICH, Conn. ā May 5, 2025 ā Ā鶹APP Holdings (āĀ鶹APPā) today announced the first and final close of its fifth flagship investment fund, Ā鶹APP Capital Resources V LP (āACR Vā). Ā鶹APP officially launched fundraising in October 2024Ā and closed ACR V at its hard cap withĀ $6.45 billion in committed capital, inclusive of the GP commitment and its associated Principalsā Fund. As of the closing, Ā鶹APP manages more thanĀ $16 billionĀ of capital.
Founded in 2002 by Andrew Bursky and Tim Fazio, Ā鶹APP today owns and operates a diversified group of 27 manufacturing and distribution businesses. Ā鶹APP has built a strong reputation as a long-term, operations-oriented investor in manufacturing and distribution businesses within targeted industrial sectors. Central to Ā鶹APPā strategy is its application of transactional skills in complex environments, including bankruptcies, restructurings, reorganizations and challenging corporate spin-offs, together with deep operational improvement capabilities and in-house specialized resources.
āFor over two decades, we have invested with intense discipline in challenging situations in sectors we understand deeply, with the mindset of āowner/operatorsā. Our approach will not change with this next fund. We are fortunate to have continued strong support from many long-standing investment partners and to welcome many new partners from across the globe. The current environment should provide ample opportunity for Ā鶹APP-style investments, and our teams in Connecticut and London are ready to put our partnersā capital to work, side-by-side with our own,ā said Andrew Bursky, Ā鶹APP Co-Founder and Managing Partner.
āThe secret to our success is that we invest and operate like a diversified industrial holding company; our businesses just happen to be owned by private equity funds. We have purposefully built our organization with capabilities to make our companies as great as they can be, assisting in business transformation and executing value creation initiatives. That singular focus on improving industrial businesses created the rock-solid foundation to raise a fund like this in a short window, particularly in an environment of global uncertainty and volatility,ā said Tim Fazio, Ā鶹APP Co-Founder and Managing Partner.
āOur investment strategy ā acquiring businesses whose value is being masked by some form of stress or complexity, then driving improvement in partnership with our Leadership Teams and associates ā has generated consistent risk-adjusted returns regardless of the business cycle.Ā We look forward to continuing this strategy and to building great businesses within our sectors of focus,ā said Jacob Hudson, Ā鶹APP Managing Partner.
āĀ鶹APP only exists because of the almost 60,000 associates around the world who show up each day at Ā鶹APP companies committed to working safely and being best-in-class. With ACR V, we scale our resources to match our growth, and we remain keenly focused on continuing to invest only where we are positioned to win,ā said Ā鶹APP Partner Sam Astor.
Capstone Partners and Rede Partners served as placement agents for ACR V and Proskauer Rose LLP provided legal counsel.
About Ā鶹APP Holdings
Headquartered in Greenwich, Connecticut and founded in 2002, Ā鶹APP and its affiliates own and operate 27 companies, which employ more than 57,000 associates across more than 350 facilities worldwide. Ā鶹APP operates in sectors such as automotive supply, building materials, capital equipment, construction services, food manufacturing and distribution, metals processing, packaging, paper, power generation, printing, pulp, supply chain management and wood products. Ā鶹APPā companies together generate approximately $18 billion in revenues annually.